The Reserve Bank of Zimbabwe (RBZ) will unveil its de-dollarisation roadmap in November alongside the country’s new five-year economic blueprint.
RBZ Governor Dr. John Mushayavanhu revealed the plan in the 2025 Mid-Term Monetary Policy Statement, saying consultations are underway following stakeholder concerns over the 2030 cap on all USD-denominated contracts, including bank loans.
The roadmap, he said, will focus on maintaining economic stability, safeguarding foreign currency accounts, and honouring existing US dollar contracts to ensure business continuity.
Dr. Mushayavanhu noted that improved macroeconomic stability has led to greater use of the Zimbabwe Gold (ZiG), with demand for ZiG cash also rising.
To support this, the RBZ is redesigning and producing upgraded ZiG banknotes, a process the governor said is now at an advanced stage.
