Zimbabwe have a new currency named Zimbabwe Gold (ZiG) which happens to be the most powerful in SADC The currency just replaced its collapsing local currency with a new one backed by gold and foreign currencies. People will have 21 days to exchange their old notes and coins for new ones Opening Rate: USD $1 = 13 ZIG | Umar EDurban
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Zimbabwe have a new currency named Zimbabwe Gold (ZiG) whic…
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THE Reserve Bank of Zimbabwe (RBZ) has assured the public of exchange rate stability as gold reserves backing the ZiG have increased to a value of over US$450 million from US$375 million in June this year. https://www.zbcnews.co.zw/rbz-assures-zimbabweans-of-currency-stability/ | ZBC News Online
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#FPUnpacked: Zimbabwe has launched ZiG, a new gold-backed currency, aiming to stabilise its economy amidst decades of tu rmoil. The ZiG will replace the Zimbabwean dollar, which lost three-quarters of its value this year. Meanwhile, the country saw a 55% inflation peak in March this year. The Reserve Bank of Zimbabwe Governor John Mushayavanhu says that a structured approach with a market-determined exchange rate will help stabilise the new currency. Zimbabweans have 21 days to exchange old note
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