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Zimbabwe's central bank pushes for local currency use, faces criticism over high borrowing costs.
Zimbabwe's central bank maintains a strict monetary policy to support the local currency and aims for a single currency by 2030.
The Reserve Bank of Zimbabwe (RBZ) is praised for exchange rate stability but criticized for high borrowing costs hindering business.
Gold reserves have increased to 3.4 tonnes, partly due to the introduction of the Zimbabwean Gold Dollar (ZiG) in April 2024, though gold coins were discontinued due to high prices and limited accessibility.
The RBZ projects 2025 inflation at 30%, with a positive real interest rate of 5%, and plans to release a de-dollarization roadmap.
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El banco central de Zimbabwe presiona por el uso de la moneda local, se enfrenta a críticas por los altos costos de los préstamos.