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Home » ‘Currency transition to be market-driven’
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‘Currency transition to be market-driven’

written by Adelaide Moyo, Group Managing Editor 0 comments
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.
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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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Adelaide Moyo is a business and financial journalist based in Zimbabwe. With a keen eye for detail and a deep understanding of market complexities, Adelaide consistently breaks down complex financial concepts and business trends into accessible, compelling narratives for a diverse readership. She specialises in areas such as macroeconomics, corporate finance, investment, and the critical issues impacting Zimbabwe's economy, including currency volatility, the informal sector, climate change, and illicit trade. Adelaide is a recipient of national awards for her reporting in different sectors of the economy. She is also a member of the Oxford Climate Journalism Network.

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