Businesses in Zimbabwe largely do not trust the new national currency. A recent survey from the Confederation of Zimbabwe Industries shows most firms see the ZiG's stability as artificial. Over five hundred companies were polled. They believe the government is propping up the currency with strict controls and limited liquidity, not genuine market confidence.
Firms report that the ZiG is still hard to get in both cash and digital forms. Many critical transactions, like buying fuel or imports, still require US dollars. Past experiences with hyperinflation and currency collapses have made companies deeply skeptical. There is a widespread fear that increased government spending will flood the market with ZiG, causing its value to plummet. This comes despite official inflation numbers showing a drop for the local currency. The government continues to push its plan to de-dollarize by 2030.
Firms report that the ZiG is still hard to get in both cash and digital forms. Many critical transactions, like buying fuel or imports, still require US dollars. Past experiences with hyperinflation and currency collapses have made companies deeply skeptical. There is a widespread fear that increased government spending will flood the market with ZiG, causing its value to plummet. This comes despite official inflation numbers showing a drop for the local currency. The government continues to push its plan to de-dollarize by 2030.
