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Zimbabwe Targets National Currency, Reduces Dollar Dependence

11/28/2025

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Summary

Story summary

Zimbabwe aims to build a buffer to support a single national currency within three years and reduce reliance on the U.S. dollar.
Deputy central bank governor Innocent Matshe says reserves can cover the next three to six months, with 2030 set for transition.
ZiG was launched in April 2024 and accounts for 40% of daily transactions as gold prices rise, and inflation is expected to halve by end-2025.

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Story summary

Zimbabwe aims to build a buffer to support a single national currency within three years and reduce reliance on the U.S. dollar.
Deputy central bank governor Innocent Matshe says reserves can cover the next three to six months, with 2030 set for transition.
ZiG was launched in April 2024 and accounts for 40% of daily transactions as gold prices rise, and inflation is expected to halve by end-2025.