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Reserve Bank of Zimbabwe plans to transition from a multi-currency system to a domestic currency by 2030

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The Reserve Bank of Zimbabwe (RBZ) says a roadmap for transitioning from a multi-currency system to a domestic currency by 2030 is coming in November. This plan aims to ensure business continuity and stability as the country tries to regain control of its monetary policy, manage inflation, and foster long-term economic growth.

While ordinary citizens remain pessimistic, the RBZ notes that the strong US Dollar has made local products less competitive globally and limited the government's ability to influence economic growth.

John Cassim, our Correspondent based in Harare, Zimbabwe, reports.

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