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Zimbabwe delays single currency switch until economic benchmarks are met.
The Reserve Bank of Zimbabwe has replaced its fixed timeline for a single currency with a conditions-based approach, delaying the transition until key benchmarks are met, including three to six months of import cover—currently at 1.5 months—and sustained zero-digit inflation.
Governor John Mushayavanhu stressed that progress on economic stability, foreign exchange market functioning, and ZiG adoption will determine the switch, which could happen sooner if targets are achieved.
The IMF’s Staff Monitored Programme emphasizes macroeconomic stability and better coordination between fiscal and monetary authorities.
Despite challenges like the ZiG’s current inability to buy fuel, electronic usage is rising, and officials say short-term issues don’t undermine long-term viability.
Zimbabwe retrasa el cambio a la moneda única hasta que se cumplan los parámetros económicos de referencia.