Zimbabwe adopts de-dollarization roadmap ...News

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Zimbabwe adopts de-dollarization roadmap
The African nation aims to make a new gold-backed currency the sole legal tender ahead of a 2030 timeline Zimbabwe’s government has approved a roadmap to transition from using US dollars to the gold-backed ZiG currency, which was introduced several months ago in an effort to stabilize the southern African country’s economy. Information Minister Jenfan Muswere announced the move during a media briefing on Tuesday, following a cabinet meeting in the capital, Harare. “On modalities to operationalize ZiG as legal tender for use in the economy, a de-dollarization roadmap is now in place with a time frame, as presented

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