IMF Seeks Clarity on ZiG Transition

Published: 07 Oct, 2025 08:59 Sources: S1 S2 S3 Category: Business Language: English Country: Zimbabwe

S 1 - 2 - 3 D I ID RK RT C - 0

The International Monetary Fund (IMF) urged Zimbabwe to clarify its plan to phase out the US dollar and adopt the Zimbabwe Gold (ZiG) as the sole currency by 2030. The Fund noted that uncertainties around the transition and the handling of existing US dollar deposits could undermine economic stability. It recommended stronger fiscal discipline, improved monetary frameworks, and transparent communication to build public confidence and support a credible shift to a mono-currency system.