“Zimbabwe’s history of hyperinflation and failed monetary experiments means it remains highly dollarized. The U.S. dollar is the main medium of exchange, while the share of ZiG in monetary aggregates is small at around 17%. Prices are rarely quoted in ZiG, and salaries and goods and services transactions are typically either fully or partially paid in U.S. dollars.”
While stabilizing inflation is undoubtedly positive, the landlocked nation will need to remain steadfast regarding other challenges, before unlocking national sovereignty. Zimbabwe’s public debt, which reached $23.2 billion in 2024 (72.9% of GDP), per the World Bank, remains a discouraging barrier to foreign investment.