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IMF Seeks Clarity on Zimbabwe’s Plan to Phase Out US Dollar.
['Staff Reporter', 'Please Enter Your Name Here']
The Zimbabwe Mail
The International Monetary Fund (IMF) has called on Zimbabwe to provide greater clarity on its plan to end the use of the US dollar by 2030, warning that uncertainties risk undermining confidence in the economy.
In its latest review, the IMF noted that the ZiG currency, introduced in 2024, has yet to gain wide acceptance.
Despite some stability since its sharp devaluation last year, dollarisation remains high and confidence in monetary policy is weak.
It urged government to engage creditors on Zimbabwe’s $21 billion debt burden and to strengthen monetary and exchange-rate policy frameworks.
The IMF said policy credibility and clear communication will be critical to winning public trust as Zimbabwe moves toward a mono-currency economy.