The Reserve Bank of Zimbabwe (RBZ) has officially decoupled its transition to a monocurrency system from a fixed timeline, opting instead for a conditions-based framework under which the move will only be implemented once strict economic benchmarks are met.

The International Monetary Fund (IMF) and Zimbabwean authorities have reached a staff‑level agreement on a proposed 10‑month Staff‑Monitored Programme (SMP) designed to consolidate macroeconomic stability, strengthen policy credibility, and advance arrears clearance and debt restructuring, IMF team leader Wojciech Maliszewski said after meetings in Harare.

Drivers say a single fine can wipe out an entire day’s earnings. Another major driver of fare increases is the daily target system imposed by vehicle owners. Operators of newer kombis reportedly demand up to US$140 per day, while older vehicles have targets of around US$110. Drivers argue that a sustainable target should be between US$50 and, US$80, anything higher, they say, makes fare hikes inevitable.