Deputy Governor Matshe was careful to manage expectations regarding the timeline, emphasizing that the move away from the U.S. dollar would be a slow, phased process rather than an overnight shift. “Not soon, but one day,” Matshe stated, noting that the ZiG has already demonstrated resilience, having gained approximately 2.5% in value over the past three months.

The Reserve Bank of Zimbabwe (RBZ) has moved to calm market concerns following the government’s decision to pay local suppliers exclusively in the Zimbabwe Gold (ZiG) currency.