RBZ to Unveil De-Dollarisation Roadmap in November 2025
Zimbabwe’s central bank will launch a formal de-dollarisation roadmap in November, alongside the country’s new five-year economic plan.
Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu revealed the plan in his 2025 mid-term monetary policy statement, saying consultations are underway following concerns raised during stakeholder meetings.
RBZ to Unveil De-Dollarisation Roadmap in November 2025
According to Mushayavanhu, businesses and individuals are worried about what will happen after 2030, when all U.S. dollar-based contracts, including bank loans, are set to expire under current policy. Many also fear for the safety of their foreign currency deposits when the multicurrency system ends.
He said the upcoming roadmap will address these concerns by focusing on three main priorities: keeping the current economic stability intact, protecting foreign currency accounts, and safeguarding existing USD contracts. The goal, he stressed, is to give businesses and investors certainty and ensure smooth continuity.
“The need for a clear de-dollarisation roadmap was one of the most prominent issues that came out during the Mid-Term Monetary Policy Review stakeholder consultations. Specifically, the stakeholders raised concerns that all contracts in USD, including bank loans, are now capped or limited to 2030. Stakeholders also relayed fears and concerns pertaining to the fate of their foreign currency deposits at the end of the multicurrency system in 2030. The de-dollarisation roadmap will be crystallised in the National Development Strategy II, and the Reserve Bank, which is chairing the NDS2 Thematic Working Group on Macroeconomic Stability and Financial Deepening (MESFIND), is currently seized with consultations on the issue. The roadmap will undoubtedly encapsulate the need to maintain the current stability, preserve the foreign 17currency accounts and the value of the existing USD-denominated contracts. Consideration will always be made to ensure that there is business continuity and certainty,” the Mid-Term Monetary Policy states.
ZiG Usage on the Rise
The governor noted that improved macroeconomic stability has boosted public confidence in the Zimbabwe Gold (ZiG) currency, leading to higher usage both for transactions and in cash form.
To meet growing demand, the RBZ is redesigning ZiG banknotes to make them more modern and secure. Mushayavanhu said the redesign process is already well advanced, with new notes expected in circulation soon.
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The post RBZ to Unveil De-Dollarisation Roadmap in November 2025 appeared first on iHarare News.
