Zimbabwe's monetary authorities say the country is firmly on track to adopt a mono-currency system by 2030, with the Reserve Bank of Zimbabwe (RBZ) declaring that all key conditions for de-dollarisation are now taking shape.RBZ deputy governor Innocent Matshe yesterday moved to calm public concerns over the transition, revealing that the central bank has cleared all outstanding foreign currency payment arrears from the auction system. He said the bank had settled US$60 million previously owed, marking what he described as significant progress in restoring monetary credibility.Speaking at the Chamber of Mines of Zimbabwe's 2025 State of the Mining Industry breakfast seminar in Harare, Matshe said Zimbabwe's foreign currency reserves had grown impressively over the past year."Over the last 12 months, the rate at which we accumulated these reserves has been outstanding," he said. "Right now, we are standing at about a billion US dollars. Within the next three years, at minimum, we will ha...
RBZ says de-dollarisation on track
