‘Currency transition to be market-driven’

Adelaide Moyo, Group Managing EditorSeptember 4, 202501.3K views

For the ZiG to instill public confidence and ensure market stability before 2030, the RBZ should aim for a prudent target where gold reserves cover at least 25 to 30 percent of the ZiG’s total monetary base, as evidenced by international best practices.

THE Reserve Bank of Zimbabwe (RBZ) says the transition to a mono-currency system by 2030 will be a market-driven process supported by targeted policy interventions.This week, the central bank formally laid out a long-term strategy to establish the ZiG as the country’s sole transacting currency by 2030.The apex bank said the success of the transition…

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