The Reserve Bank Governor John Mangudya is in the process of presenting his Monetary Policy Statement. As part of his remarks, he has said that he believes that de-dollarisation is working without exactly giving any evidence to support this viewpoint.

Mangudya: The country is well on course to sucessful de-dollarisation. This is evidenced by the declining proportion of forex-denominated assets in the economy, relative to locally denominated ones.

Transactions worth ZWL$459bn were conducted in 2019. pic.twitter.com/qh0eH6SuTu

— newZWire (@newswireZW) February 17, 2020

We see the opposite

If de-dollarisation was working people would prefer or at least not mind being paid in Zimbabwean dollars which is not the case
A lot of individuals and businesses have a strong preference for the greenback
There remains an acute shortage of foreign currency in the country which means those who get paid in the local currency will have a hard time sourcing foreign currency when they need it
The interbank market is practically dead as most firms are not willing to dispose of their valuable foreign currency
The Zimbabwean dollar remains a surrogate currency in most sectors