Zimbabwe may adopt ZiG as sole currency before 2030, president says

The change would mean that US dollars, now used in more than 80% of transactions, would no longer be allowed.

Zimbabwean President Emmerson Mnangagwa hinted that the nation’s new bullion-backed currency will be the sole legal tender before a 2030 deadline to end the current multicurrency system.

Speaking at an event on Thursday in the border city of Mutare, where he officiated over the commissioning of a fruit juice and water processing plant, Mnangagwa stressed the importance of the ZiG, short for Zimbabwe Gold, replacing US dollars.

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