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ZiG Procurement Mandate Is Zimbabwe's First Demand-Side De-Dollarization Play — And the Numbers Say It Might Work

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ZiG Procurement Mandate Is Zimbabwe's First Demand-Side De-Dollarization Play — And the Numbers Say It Might Work

Treasury Circular No. 4 of 2026 makes ZiG the sole payment currency for all government suppliers. With inflation at 3.8%, reserves at US$1.2bn, and an IMF SMP in place, Zimbabwe is attempting something it has never tried: de-dollarizing from strength rather than desperation.

By Acie Lumumba, Imani Leviston
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