ZB Financial Holdings wants phased de-dollarisation process

ZB FINANCIAL Holdings (ZBFH) group strategy executive Trymore Muhlanga says the government’s goal of achieving a mono-currency regime by 2030 will require a phased approach, as the institution prepares its 2026-2030 mid-term strategy. 

This comes as the authorities push ahead with their highly unpopular plan to scrap the multicurrency system by 2030 and establish the Zimbabwe Gold (ZiG) as the sole legal tender. 

Speaking to NewsDay Business on the sidelines of the group’s official Sustainability Standards and Certification Initiative (SSCI) certification on Tuesday, Muhlanga said about 90% of transactions were currently conducted in United States dollars or other foreign currencies. 

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