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Zimbabwe's push to end foreign currencies by 2030 faces backlash over unrealistic timelines and economic risks.
Zimbabwe's government faces growing criticism over its 2030 plan to end foreign currency use and make the gold-backed ZiG the sole legal tender.
Business leaders and economists warn the timeline is unrealistic, citing weak market acceptance, lack of public confidence, and the dominance of the U.S. dollar in the informal economy.
Financial institutions are already restricting long-term lending beyond 2030 due to uncertainty.
Experts note successful de-dollarization in other nations took decades, and Zimbabwe’s economic instability makes a rapid shift risky.
While officials say the ZiG is stable and are expanding physical cash supply and digital access, critics argue forced adoption undermines market-driven growth and could harm investor confidence.
El impulso de Zimbabue para poner fin a las monedas extranjeras para 2030 se enfrenta a una reacción violenta por los plazos poco realistas y los riesgos económicos.