Zimbabwe Dollar Phase Out Faces Challenges as US Dollar Dominance Grows

Imara Asset Management predicts US dollar will remain dominant in Zimbabwe beyond 2025 government deadline to phase it out.

Dollarization of Zimbabwe's economy is gaining momentum - 80% of transactions now in US dollars, up from 75% earlier this year.

Uncertainty around upcoming currency regime has made banks cautious about long-term lending beyond 2025.

Finance Minister says authorities considering next steps on currency policy carefully to avoid jeopardizing growth.

Skepticism expressed about new gold-backed digital currency ZiG - no proof it is backed by physical gold or convertible to gold.