Steps Toward De-Dollarization in Zimbabwe Vice President Constantino Chiwenga stated that Zimbabwe’s new currency, the ZiG, marks a significant move toward phasing out the US dollar in the national economy. Introduced on April 5 as a replacement for the unstable Zimbabwean dollar, the ZiG aims to restore monetary sovereignty in a country where over 80% of transactions are currently conducted in US dollars. Chiwenga emphasized the permanence of the ZiG, highlighting its role in Zimbabwe’s de-dollarization strategy, which focuses on fiscal discipline, monetary prudence, and economic revitalization. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts SocGen Identifies 3 Key Indicators of Approaching U.S. Recession READ MORE Gold Climbs as Powell Paves Way for September Rate Cut READ MORE Truist Shares Why Gold Still Has More Upside READ MORE Zimbabwe Announces Plans to Introduce Gold Backed Currency READ MORE Goldman Sachs Cautiously Optimistic About Stock Market Rally Despite Emerging Risks READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment