Kagame: Africa’s knight in shining armour

📅 Published: August 26, 2025

Curated by AllZimNews.com

Since government’s announcement that the multicurrency system would be scrapped in December 2030, anxiety has steadily built across the economy.

To understand why Matshe’s words matter, one only has to recall the scars of 2019, when Statutory Instrument 142 abruptly outlawed foreign currency transactions and forced businesses to use a rapidly collapsing Zimbabwe dollar.

Confidence evaporated overnight.

Trade and investment froze.

Ordinary households watched their savings vanish.

The psychological trauma of that episode still shadows every new monetary policy pronouncement.

That history explains why investors, banks, and corporates greeted the 2030 timeline with suspicion.

In a market where nearly 80% of all transactions are conducted in U.

S. dollars, the very idea that contracts might suddenly be forced into ZiG in 2030 raised legitimate fears about enforceability, risk, and financial stability.

Many lenders simply stopped issuing credit lines beyond that horizon, unwilling to gamble with another forced conversion.

The RBZ’s latest assurance is therefore not just a matter of semantics, it is a lifeline for liquidity and long-term planning.

Still, calming nerves is only the first step.

The real test lies in whether the RBZ and government can demonstrate the credibility and discipline necessary to make these assurances stick.

Zimbabwe’s central problem has never been a lack of technical capacity or policy ambition.

Rather, it is the repeated pattern of abrupt U-turns, conflicting pronouncements, and disregard for the sanctity of contracts that has eroded public trust.