BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Zimbabwe To Announce New De-Dollarization Roadmap in November
Zimbabwe To Announce New De-Dollarization Roadmap in November
24
1
BTCCSquare news:
The Reserve Bank of Zimbabwe (RBZ) will unveil a five-year de-dollarization framework this November, marking a pivotal shift in monetary policy. The central bank has engaged stakeholders to regulate foreign currency transactions, with authorized dealers continuing operations while unauthorized entities face legal repercussions.
Cross-border transactions in unapproved currencies have undermined Zimbabwe's local currency. The RBZ aims to curb USD dominance by enforcing stricter controls, potentially disrupting import-export flows. This MOVE signals a decisive effort to revitalize the Zimbabwean dollar's role in domestic markets.
By:
