Authorities say Zimbabwe is firmly on course to revert to a sole national currency by 2030, with the Reserve Bank of Zimbabwe (RBZ) confirming that key prerequisites for de-dollarisation have now been met.
RBZ deputy governor Innocent Matshe moved to calm concerns around the transition, revealing that the central bank has cleared all outstanding foreign-currency obligations linked to the auction system. The bank had been sitting on US$60 million worth of unpaid allotments.
Speaking at the Chamber of Mines of Zimbabwe’s 2025 State of the Mining Industry breakfast meeting in Harare yesterday, Matshe said the clean-up of arrears was a crucial step in restoring confidence ahead of the planned mono-currency regime.
“For the past 12 months, our performance has been remarkable,” he said. “We have strengthened our position significantly and now sit at around US$1 billion.”
Matshe added that the progress reflects improved discipline within the foreign-exchange system and signals the bank’s readiness to steer the country towards full de-dollarisation within the set timeframe.
