Zimbabwe launches new gold-backed currency - ZiG - BBC
WEBApr 5, 2024 · Zimbabwe has introduced a new gold-backed currency called ZiG - the name stands for "Zimbabwe Gold". It is the latest attempt to stabilise an economy that has lurched from crisis to crisis...
The ZiG: Zimbabwe rolls out world’s newest currency | World …
WEBMay 17, 2024 · Zimbabwe has introduced a new currency called the ZiG. Zimbabwe's central bank said the country is “recalibrating its monetary policy framework”. However, it remains to be seen whether the ZiG can gain the confidence of consumers.
Zimbabwe’s new gold-backed digital currency: All you need to …
WEBMay 9, 2023 · Harare, Zimbabwe – On Monday, Zimbabwe released a gold-backed digital currency for peer-to-peer and peer-to-business transactions as well as to act as a store of value as the country’s...
Zimbabwe's president vows to implement measures to stop currency …
WEB1 day ago · Zimbabwe's President Emmerson Mnangagwa on Wednesday vowed to implement corrective measures to protect people's incomes after the country's new gold-backed currency slid on the black market...
Zimbabwe allows currency to slump over 40%, hikes policy rate
WEB6 days ago · Zimbabwe's central bank allowed the local gold-backed currency to fall over 40% against the dollar on Friday and hiked its policy rate, giving in to weeks of sustained pressure on the...
All About ZiG, Zimbabwe’s Latest Shot at a Stable Currency
WEBAug 8, 2024 · The ZiG, short for Zimbabwe Gold, was launched in April to replace the crumbling Zimbabwean Dollar, and was backed up by gold and foreign currency reserves.
Zimbabwe’s ZiG is the world’s newest currency | AP News
WEBApr 30, 2024 · The ZiG is the sixth currency Zimbabwe has used since the spectacular 2009 collapse of the Zimbabwe dollar amid hyperinflation of 5 billion percent, one of the world’s worst currency crashes to date. That set off a chaotic series of events: first the U.S. dollar was allowed as legal tender, then banned, then unbanned.
Zimbabwe launches ‘gold-backed’ currency to replace collapsing dollar
WEBApr 5, 2024 · Zimbabwe has replaced its collapsed local dollar with a new gold-backed currency, the latest move by President Emmerson Mnangagwa’s government to tackle decades of monetary chaos.
Zimbabwe Replaces (ZWL) Dollar With Currency ZiG, Tied to …
WEBApr 5, 2024 · Zimbabwe, in its latest bid to end the serial slide of the local dollar, has replaced it with a new unit called the ZiG backed by a basket of foreign currency and gold. Ondiro Oganga reports.
Zimbabwe knocks 40% off value of gold-backed currency - BBC
WEBZimbabwe's central bank has devalued its gold-backed currency by over 40% against the US dollar, indicating that the last ditch effort to stabilise the country's volatile economy, is in trouble.