Tag: zim currency

  • Zimbabwe’s Gold-Backed ZiG Currency and Inflation

    Zimbabwe’s Gold-Backed ZiG Currency and Inflation

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    Chidalu Glory

    Zimbabwe launched the gold-backed ZiG (Zimbabwe Gold) currency in April 2024 as a solution to the country’s persistent inflation crisis, which was meant to reduce reliance on the US dollar, which has dominated Zimbabwean transactions for over a decade. However, less than six months in, the ZiG has already lost…