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World Banks Warns Zim Against Rapid De-dollarisation
Zimbabwe’s plans to phase out the US dollar and move towards a single-currency economy by 2030 have come under scrutiny, with the World Bank warning that a premature shift could destabilise the economy. The World Bank has cautioned Zimbabwe against moving too quickly to eliminate the use of foreign currencies, saying the country must first build strong public confidence in its gold-backed Zimbabwe Gold (ZiG) currency. According to the global lender, forcing an immediate trans
tafadzwamuranganwa9
4 days ago2 min read
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