The Zimbabwe Gold (ZiG; code: ZWG) [3] is the official currency of Zimbabwe since 8 April 2024, [2] backed by US$629 million worth of hard assets: foreign currencies, gold, and other …

Apr 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 …

Mar 18, 2025 · According to the RBZ, “ZIG is a digital currency backed by physical gold reserves, designed to provide an alternative store of value for citizens.” This currency was expected to …

Zimbabwe on Tuesday started circulating a new currency to replace one that has been battered by depreciation and often outright rejection by the people. The ZiG was introduced …

May 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 …

Oct 24, 2024 · On September 27, the Reserve Bank of Zimbabwe (RBZ) slashed the value of the ZiG by 43 percent, taking it from 13.56 ZiG to the US dollar at its launch to 24.4 ZiG to the …

6 days ago · Zimbabwe's local currency, the ZiG, is at risk of failure due to policy missteps and prolonged liquidity crunch. The currency, backed by gold and foreign currency reserves, has …

Apr 8, 2024 · The Reserve Bank of Zimbabwe (RBZ) in the 2024 Monetary Policy Statement introduced a new “structured currency” termed ZiG (Zimbabwe Gold) on April 5. A “structured …

May 2, 2024 · The notes and coins for Zimbabwe's sixth currency since independence in 1980, Zimbabwe Gold (ZiG), hit the streets this week as the government makes yet another attempt …

Apr 6, 2025 · ZiG marks one year with growing stability. Yesterday, the ZiG celebrated its first anniversary since launch. The RBZ says the currency is stabilising, with local transactions now …