Mutare, Zimbabwe – President Emmerson Mnangagwa has announced plans to phase out the US dollar and introduce the Zimbabwe Gold (ZiG) as the country’s sole currency.
Speaking in Mutare on Thursday, the President expressed concerns about reliance on foreign currency, stating that Zimbabwe must be self-sufficient to avoid potential sabotage.
“We can’t continue to use someone else’s currency, it’s like being in a marriage where one partner doesn’t love the other.
“Biden doesn’t love us, so we can’t keep using his money.
What if one day they decide to sabotage us and we’re left with no choice? That’s why we now have the ZiG,” Mnangagwa said.
However, economist Professor Gift Mugano has urged caution, stating the need for careful consideration and planning before introducing a new currency.
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