Hyperinflation to Hope: Zimbabwe Launches New Gold-Backed ZiG Currency Zimbabwe is launching a new currency, the ZiG (Zimbabwe Gold), in an effort to stabilize its economy, backed by $185 million in gold and other reserves. This initiative represents the country’s sixth attempt to establish a reliable currency, following the dramatic depreciation of its previous currency, which lost 80% of its value since the beginning of this year alone. After experimenting with gold coins and digital currency versions, the Zimbabwean central bank views the ZiG as an opportunity to create a “solid and stable” national currency, aiming to rectify the longstanding issues of currency devaluation and economic instability. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts America Blew Almost $2 Trillion. Make It Stop: Kathryn Edwards READ MORE Bitcoin: A Complement to Traditional Safe Havens like Gold and Silver READ MORE ZeroHedge: Two Cheers for Vivek Ramaswamy's Commentary on the Fed READ MORE Credit Card Debt: America's $1.13 Trillion Problem READ MORE Investors Flock to Gold During Commodity Boom READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment