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  2. Zimbabwe launched the ZiG on 5 April 2024 to replace the Zimbabwean dollar as it seeks to tackle sky-high inflation and stabilise the country's long-floundering economy. (Jekesai Njikizana/AFP) The Zimbabwe Gold (ZiG) bank notes have been introduced. The money can't buy fuel, gas, or trade outside the country.
    www.news24.com/news24/africa/news/zimbabwes-new-zig-currency-goes-physical-but-not-everywhere-20240502
    www.news24.com/news24/africa/news/zimbabwes-new-zig-currency-goes-physi…
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    Zimbabwean ZiG - Wikipedia

    The ZiG currency was announced on 5 April 2024, taking the name from ZiG digital tokens, which are now available as GBDT. The ZiG is Zimbabwe's sixth attempt since 2008 at creating a new currency that will make it independent of the US dollar. Since the currency crisis of 2008–2009, Zimbabwe has a multi-currency … See more

    The Zimbabwe Gold (ZiG; code: ZWG) is the official currency of Zimbabwe since 8 April 2024, backed by US$575 million worth of hard assets: foreign currencies, gold, and other precious metals. It replaced the See more

    Banknotes
    Banknotes of Zimbabwe Gold were announced in eight denominations: 1, 2, 5, 10, 20, 50, 100, and 200 ZiG; however, a later announcement … See more

    In discussions the government decided to issue a new currency backed by gold reserves, the ZiG.
    Originally established at $2.50 ZiG to one USD, the ZiG began … See more

    The Reserve Bank of Zimbabwe, over the weekend of 6 April to 7 April 2024, released the currency features. See more

    Exchange rates
    The Zimbabwean dollar (ZWL) lost about 32% value on interbank in two-day trading, moving from 22,950 to 33,903 per U.S. dollar. The conversion to ZiG was based on gold price and swap rate. On a press release dated 6 … See more

     
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    Apr 5, 2024 · Zimbabwe’s central bank has launched a new “structured currency” backed by gold, as it seeks to tackle sky-high inflation and stabilise the country’s long-floundering economy.

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