GOVERNMENT has moved to allay public and corporate anxiety, assuring the nation that the planned transition to a mono-currency system will not erode the value of foreign currency-denominated savings, pensions and investments held by individuals and companies.
The assurance is enshrined in the National Development Strategy 2 (2026-2030), the country’s blueprint for the next five years, which provides the most detailed roadmap yet for the sensitive shift from the current multi-currency regime.
The clarification comes amid growing fears within the market that the introduction and eventual dominance of the ZiG currency could lead to a forced conversion or devaluation of US dollar assets, undermining hard-earned savings and corporate capital.
In a dedicated section titled; “Protection of Financial Assets”, the Government, through the NDS2 document, has assured the nation.
“The transition from a multi-currency environment, in which many financial assets are denominated and predominantly held in US dollars, including the savings of corporates and individuals, will ensure that such assets will continue to be protected and maintained in foreign currency.”
The strategy further clarifies that the move does not entail abolishing foreign currency accounts, pension fund holdings denominated in foreign currency, or US dollar-based stocks, shares and bonds, such as those listed on the Victoria Falls Stock Exchange. – Herald
