Zimbabwe launches new gold-backed currency – called ZiG

💥💥💥💥💥💥💥💥💥https://t.co/3cTLmjMgcy pic.twitter.com/DVTAPxwdNJ — HOTROD (@RubenRodInSa) April 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 …

READ MORE

Gold-backed currency: Might happen in Zimbabwe.

HARARE, ZIMBABWE —  Zimbabwe’s government said Monday it is introducing a gold-backed currency to replace the country’s nearly worthless dollar, which most businesses have shunned, preferring the U.S. dollar or South African rand. Minister for Finance and Economic Development Mthuli …

READ MORE