Zimbabwe’s Treasury says it will pay current and new local suppliers solely in the local currency, ZiG, under a new National Standard Price List (NSPL) introduced to guide government procurement.
The measure, announced Friday by Finance minister Mthuli Ncube, is aimed at strengthening the use of the domestic currency and standardising prices for goods and services purchased by ministries, departments and agencies (MDAs).
Under the new framework, the NSPL will set reference prices for commonly procured items across government to curb price inconsistencies and tighten control over public spending.
“The Ministry of Finance, Economic Development and Investment Promotion and the Procurement Regulatory Authority of Zimbabwe wish to inform current and potential suppliers that the Government has introduced a National Standard Price List (NSPL) to guide the procurement of commonly used goods and services across ministries, departments and agencies,” Ncube said in a statement.
He said the measure was designed to guarantee value for money in public spending while improving transparency and efficiency in procurement.
“The implementation of the NSPL is expected to enhance cost savings, transparency and efficiency in public procurement, thereby supporting national development priorities,” he said.
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Treasury said the initiative forms part of broader public financial management reforms, including the rollout of the electronic Government Procurement (e-GP) system, stronger financial oversight and improved budget management.
Authorities also signalled a policy shift toward domestic sourcing and local currency usage.
“In accordance with the 2026 National Budget Statement, priority will be given to domestically produced goods and services,” Ncube said. “Similarly, the Government of Zimbabwe will lead in the use of the local currency, and as a result, payments to local suppliers will be made solely in the local currency.”
However, the move could affect suppliers currently owed United States dollars or those whose goods are priced in foreign currency, potentially exposing them to exchange-rate risks and value losses if payments are converted into ZiG.
Treasury said further guidance on implementing the NSPL has already been issued to MDAs through Treasury Circular No. 4 of 2026 and a circular from the Procurement Regulatory Authority of Zimbabwe. Champions Scottland stutter in title defegnse.