Tag: Zimbabwe

06
May
2024

Zimbabwe issues gold-backed ZiG banknotes and coins, but mistrust remains high

Zimbabwe has issued physical banknotes and coins with a new gold-backed currency called ZiG, but most people remain skeptical of the country’s recent attempts to stabilize its currency. The southern African country launched ZiG (Zimbabwe Gold) in digital format in early April.jigsufferedIt’s been a chaotic start, with most banks and digital payment providers struggling to