HARARE – Zimbabwe’s central bank has announced its decision to launch a de-dollarisation roadmap in November, along with the new five-year economic blueprint In his 2025 mid-term monetary policy statement, Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu said the bank is currently engaged in consultations on the issue, following concerns raised by stakeholders that all contracts denominated in U.S dollars, including bank loans, are now capped or limited to 2030 Mushayavanhu said the de-dollarization roadmap will encompass the need to maintain current stability, preserve foreign currency accounts, and the existing U.S dollar-denominated contracts, with considerations made to ensure business continuity and certainty He also said the improved macroeconomic stability prevailing in the country has resulted in increased usage of the Zimbabwe Gold (ZiG) The increase in the usage of ZiG has also been accompanied by an increase in the demand for ZiG cash, Mushayavanhu said The governor added that the RBZ is working to modernize the ZiG banknotes, with re-designing and production of the improved banknotes progressing well and at an advanced stage Read the original article on New Zimbabwe Source: The Zimbabwe Mail All Zim News is a central hub for all things Zimbabwean, curating news from across the country so no story is missed Alongside aggregation, our team of nationwide reporters provides real-time, on-the-ground coverage Stay informed and connected — reach us at admin@allzimnews.com. Source: Thezimbabwemail
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