
Using the ZiG as legal money will boost economic sovereignty and eliminate foreign currency dependency, Information Secretary Nick Mangwana said in an opinion piece published in the local newspaper.
“The benefits of de-dollarization far outweigh the costs, making it an urgent imperative for Zimbabwe to break free from the US dollar’s grip,” he said.”The US dollar’s dominance in global trade and finance has long been a double-edged sword,” the official underlined.
Planning and growth require economic stability and predictability, which the ZiG has provided since its establishment. Its stable exchange rate with the US dollar and broad-based appreciation have allayed initial fears of a policy.
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