Zimbabwe’s government hunts for dollar alternative

Reserve Bank of Zimbabwe
Baynham Goredema

Zimbabwe’s finance minister has pledged to introduce a new currency to replace its failing dollarisation, but it is not yet clear whether this plan can succeed.  

Most signs point to any new currency being pegged, once again, to the dollar. But Central Banking spoke to some observers who think it might be pegged to a basket of currencies or even to the Chinese yuan.

In late October 2018, finance minister Mthuli Ncube said the introduction of a new local currency would require at least six

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.