Central Bank Intensifies Campaign to Expand ZiG Usage
The central bank is ramping up efforts to expand the use of the ZiG currency in the economy, intensifying a campaign to de-dollarize domestic transactions. The push directly challenges the entrenched dominance of the US dollar in informal and formal markets. The friction lies in the historical distrust of local currency, which has repeatedly collapsed in value. The strategic vulnerability is a forced conversion timeline; if the bank moves too aggressively without rebuilding reserves, it could trigger a new wave of hyperinflation and capital flight.