The Ministry of Finance says it has released ZiG2 billion to clear outstanding school fees under the Basic Education Assistance Module (BEAM), a government program aimed at supporting vulnerable learners.
However, the announcement has sparked widespread confusion and criticism over the actual existence and functionality of the ZiG (Zimbabwe Gold) currency, with many questioning how a currency that is not physically in circulation is being used for disbursements.
A senior source within the Finance Ministry confirmed the development over the weekend, saying, “We have made a commitment to ensure no child is turned away from school due to non-payment. ZiG2 billion has been allocated to settle the Beam arrears for learners across the country.”
The official further added, “This is part of a broader government strategy to protect vulnerable groups and uphold access to basic education as a right. Schools will start receiving the payments this term.”
However, the announcement has drawn sharp criticism from educators, economists, and the general public.
Critics argue that the ZiG, introduced earlier this year to replace the collapsing Zimbabwe dollar, does not yet exist in any tangible form for real-world transactions.
While pegged to gold reserves and other foreign assets, the currency has not been made available in coins or notes, and its digital infrastructure is still being established.
An education rights activist who spoke on condition of anonymity questioned the logic behind the disbursement. “How can schools receive money in a currency they cannot use? What bank processes are in place? Is this just a paper promise to delay backlash?”
The source within the ministry attempted to reassure stakeholders, saying, “Payments are being processed electronically through the banks, and schools with verified BEAM beneficiaries will be credited accordingly. We are in touch with the Ministry of Primary and Secondary Education to ensure smooth implementation.”
Still, the controversy highlights growing skepticism around the viability of the ZiG currency, with some accusing Finance Minister Mthuli Ncube of making grand policy pronouncements based on an economic model that lacks practical execution.
“The idea sounds good, but in reality, schools need usable funds.
The ZiG doesn’t buy chalk, pay utility bills, or fund operations — at least not yet,” a school head in Bulawayo said.
Source: Zimeye
