ZIMBABWE’s efforts to transition to a mono-currency system by 2030 require urgent and decisive action from both fiscal and monetary authorities.The continued dominance of the US dollar in domestic transactions signals a lack of confidence in the local currency, exacerbated by macroeconomic instability and inconsistent policies.To meet the 2030 target, authorities must take deliberate steps…
Time to get serious about de-dollarisation
A 2021 report by the International Monetary Fund found grey-listed countries experienced 'a large and statistically significant reduction in capital inflows'