
Zimbabwe plans to phase out the US dollar by 2030 and rely solely on its new ZiG currency. However, the World Bank has warned that moving too quickly to a ZiG-only economy could backfire, raising concerns about the country's monetary stability. The caution, reported by The South African, highlights risks surrounding the government's de-dollarisation timetable.
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Bunge la Zimbabwe limepitisha muswada unaoweza kumruhusu Rais Emmerson Mnangagwa kuendelea madarakani hadi mwaka 2030, ukiongeza muda wa urais kutoka miaka mitano hadi saba. Muswada huo pia unashauri kuahirisha uchaguzi mkuu uliopangwa kwa mwaka 2028 hadi 2030 na kubadilisha mchakato wa uchaguzi wa rais kuwa wa wabunge badala ya wananchi. Hata hivyo, muswada huo unahitaji kupitishwa na Seneti kabla ya kuwa sheria. Wakosoaji wanasema hatua hiyo inalenga kumwezesha Mnangagwa kuendelea madarakani kwa muda mrefu zaidi.
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