Zimbabwe Sets Path to One Currency

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Zimbabwe plans to fully transition to a single national currency by 2030, with the central bank citing rising foreign-exchange reserves of about US$1 billion. Deputy governor Innocent Matshe said stronger reserves, low inflation, and higher demand for the local ZiG are key to ending US-dollar use. Mining-led forex earnings have helped clear outstanding obligations, and authorities expect to meet the minimum import-cover threshold needed to support a stable mono-currency system.