Guide
Selling in USD and ZWG at one till
Most Zimbabwean businesses take US dollars and ZWG (ZiG), often from the same customer. Two currencies double the chances of a drawer that does not balance. Here is how to keep them straight.
ZWG in brief
ZWG, also called ZiG (Zimbabwe Gold), is the local currency introduced by the Reserve Bank of Zimbabwe in April 2024, replacing the Zimbabwe dollar. US dollars remain widely used, so most businesses price and take payment in both.
Showing prices
Customers want to know what they will pay in the currency they are holding. Keep one base price per product and show the other currency alongside it, worked out at the rate you trade at. When the rate moves, update it in one place rather than re-pricing every item by hand.
Whether and how you must display prices in both currencies is set by regulation that has changed over time, so check the current rules with your trade association or adviser.
Floats and cash-up per currency
The most common two-currency mistake is counting the drawer as one total. Instead:
- Start each shift with a float recorded separately in USD and ZWG
- Record every sale in the currency it was paid in
- At close, count each currency on its own and compare it with what the till expected
- Investigate a variance in either currency, even if the combined total looks right
Fiscal receipts in the currency of the sale
If you are VAT registered, each fiscal receipt is issued in the currency the customer paid in, with the tax worked out in that currency. Your POS should do this automatically, rather than converting everything into one currency afterwards.
How Revoluno handles it
Revoluno takes US dollars and ZWG at the same till. Floats and cash-up are counted per currency, each cashier’s variance shows per currency, and with the Fiscalisation module each sale is issued as a ZIMRA FDMS fiscal invoice in the currency it was paid in.
Questions
- Is ZWG the same as ZiG?
- Yes. ZWG is the currency code and ZiG (Zimbabwe Gold) is its common name.
- Can a customer pay part in USD and part in ZWG?
- Many shops accept it. Record each part in its own currency so both drawers still balance at cash-up.