By Tawanda Karombo

 

HARARE, 01 Nov. - (ANA) - Zimbabwe is renewing efforts to ditch the US dollar as the dominant currency in the southern African nation by leaning on government officials to de-dollarize the economy by 2030.

 

The timeline of the new push aligns with an extension of President Emmerson Mnangagwa’s mandate, allowing him to stay in office for an additional two years past his original 2028 exit date.

 

Zimbabwe’s economy has mostly run on the US dollar since 2009 and the government wants to return to a local currency so the central bank can gain full control of currency supply. It would also allow the administration to pay contractors working on politically favorable infrastructure development projects with the local currency, Zimbabwe Gold (ZiG).

 

Harare also argues the ZiG, which was first introduced in April 2024, will help slow inflation.

 

However, analysts told Semafor the US dollar would likely remain dominant and that the government should roll out de-dollarization gradually.   - (ANA) -

 

AB/ANA/01 November 2025 - - -