Zimbabwe’s Bold De-Dollarization Plan: New Roadmap Drops This November

Harare’s latest gamble could shake up Africa’s most dollarized economy—or become another chapter in its monetary misadventures.

The End of the Greenback Era?

Zimbabwe’s central bank is doubling down on its crusade against the US dollar, with a fresh de-dollarization blueprint set for release in November. No more band-aid solutions—this time, they’re promising structural overhaul.

Why This Time Might Be Different (Or Not)

Past attempts crashed harder than a shitcoin in a bear market. But insiders claim new gold-backed digital tokens and stricter forex controls could finally break the dollar’s stranglehold. Skeptics whisper ‘here we go again’ into their Zimbabwean bond notes.

The Crypto Wildcard

With Bitcoin adoption surging among locals tired of hyperinflation roulette, Harare’s move might accidentally fuel crypto’s rise—another case of governments ‘fixing’ the system only to accelerate its disruption.

Closing thought: Nothing unites Zimbabweans like distrust of their own currency… and the USD… and probably this new plan too.

Zimbabwe’s Central Bank To Unveil Major De-Dollarization Roadmap

The Reserve Bank of Zimbabwe confirmed that it held talks with stakeholders and will regulate the de-dollarization roadmap accordingly. Authorized Dealers could be permitted to continue business as usual, while the others might be subjected to changes. The overall imports and exports sector could be affected once the policy goes live in November. Unauthorized dealers could face legal trouble if they continue sending or receiving the US dollar after the November roadmap.

Many cross-border transactions in foreign currencies without the authorization of the Central Bank had been plaguing the country. De-dollarization is now the only solution to make Zimbabwe’s local currency take a larger share of the markets. The Central Bank decided to crack the whip on unauthorized dealers who were pooling in the USD, making the Zimbabwean dollar dysfunctional in the markets.

The de-dollarization roadmap is being worked on as the US dollar has illegally made its way into Zimbabwe. Unauthorized dealers with the help of fintech firms had been flying planeloads of hard cash in the USD packed in various bundles. The hard cash worth millions was being spread across the country as the demand for the US dollar grew. This led to the depreciation of their local currency, the Zimbabwean dollar, prompting the government to take a hard stand against malpractices.