THE Reserve Bank of Zimbabwe’s recent articulation of a long-term transition to a mono-currency system by 2030 offers a commendable and much-needed vision.The strategy, which is described as ‘market-driven’ and supported by ‘targeted policy interventions,’ correctly recognises that the ZiG’s success hinges on public confidence and widespread acceptance. This is a welcome, albeit overdue, shift…
Back currency plan with action
The RBZ added that by 2030, Zimbabwe will be under a mono-currency regime, with individuals and businesses still able to hold ZiG and foreign accounts after that.