Zimbabwe Eyes Single Currency by 2030 as It Builds FX Buffer

Zimbabwe expects to build a sufficient foreign-exchange buffer to enable it to transition to a single currency and phase out the use of US dollars in everyday transactions within the next three years, the deputy central bank governor said.

“We have enough foreign currency reserves that will be able to cover the next three to six months,” Innocent Matshe, told mining executives in the capital, Harare. “By 2030, all things being equal, we will have enough foreign currency reserves to transition to mono-currency.”