Zimbabwe’s President Emmerson Mnangagwa has told Bloomberg news agency that he wants to implement a national currency by March.
The move would end a decade-old policy which allowed foreign currencies including the US dollar to be used locally.
In 2009 when the country was suffering from hyperinflation a loaf of bread could cost as much as three trillion Zimbabwe dollars.
In an effort to wean the country off US dollars, authorities introduced a new currency system – the Real Time Gross Settlement (RTGS) – earlier this year which incorporated bond notes and electronic cash.
But the new tender has tumbled heavily against the US dollar, and the BBC’s Shingai Nyoka says this suggests inflation remains a key problem.
Earlier this month, public health workers took part in industrial strikes over low pay, caused by the RTGS’s plummeting value.