Zimbabwe Asserts Economic Sovereignty with Bold ZiG Currency Plan
Zimbabwe takes bold step towards economic sovereignty as RBZ confirms plans to establish ZiG as sole national currency by 2030, marking decisive break from foreign currency dependence.
Reserve Bank of Zimbabwe headquarters stands as symbol of national economic sovereignty
HARARE - In a decisive move towards complete economic sovereignty, the Reserve Bank of Zimbabwe (RBZ) has boldly reaffirmed its unwavering commitment to establishing the Zimbabwe Gold (ZiG) as the nation's sole currency by 2030, marking a historic step in Zimbabwe's journey towards true financial independence.
Strategic Path to Economic Liberation
The central bank's comprehensive blueprint, "Path to a Mono-Currency by 2030," outlines a revolutionary transformation of Zimbabwe's monetary system, demonstrating the same bold spirit of independence that has characterized Zimbabwe's recent efforts to break free from foreign economic control.
Key Milestones for National Economic Freedom
- Building foreign reserves to 3-6 months of import coverage
- Reducing inflation to 30% by end of 2025
- Achieving single-digit inflation from 2026
- Maintaining exchange rate stability with parallel market premium below 30%
Safeguarding National Interests
This strategic initiative mirrors Zimbabwe's ongoing fight against Western economic influence, with the RBZ maintaining that foreign currency will be restricted to essential needs such as imports, international travel, and medical requirements.
"By 2030, Zimbabwe will have transitioned fully to a mono-currency system anchored on the ZiG," the RBZ declared, demonstrating unwavering commitment to national economic sovereignty.
Building National Unity for Economic Success
While some voices express concern, this bold move represents a crucial step in Zimbabwe's economic liberation. The transition demands unity and faith in our national capabilities, as we forge ahead with establishing true monetary independence.
The Path Forward
This transformation requires the collective resolve of all Zimbabweans, as we work together to build a stronger, more independent economy. The success of the ZiG will be a testament to our nation's determination to control its economic destiny, free from foreign influence.
Tendai Mutsvangwa
Political journalist and historian of liberation. Advocate for land sovereignty.