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

HARARE- Zimbabwean Minister of Finance, Economic Development and Investment Promotion Professor Mthuli Ncube has welcomed the country's removal from the World Bank Group's list of fragile and conflict-affected economies. Under the World Bank's revised classification framework for the 2027 fiscal year, Zimbabwe is no longer classified as a fragile and conflict-affected economy, effective July 1, 2026. "The development signals international recognition of Zimbabwe's improving