Zimbabwe's ZiG: ZiG Used to Pay for 40% of Transactions Zimbabwe has introduced a new gold-backed currency called ZiG (Zimbabwe Gold) to replace its devalued dollar and stabilize its economy. Despite government efforts to promote the ZiG through various means, including music and public campaigns, it faces public mistrust and devaluation on the black market. The government is taking strict measures against currency dealers and businesses to support the ZiG, while also reporting increased usage in transactions. However, the U.S. dollar remains dominant in the country, with the government aiming to phase it out in favor of the ZiG by 2026. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Rising Interest Rates Challenge Long-Standing Pro-Debt Economic Policies READ MORE Jobs Report Shakes Up Fed Rate Cut Expectations, Bolsters Dollar READ MORE Harmony Gold Announces Record Dividend as Profits Skyrocket READ MORE Gold's Rally Leaves Some Market Experts Baffled READ MORE Fed's Rate Cut Expectations Delayed as US Economy Proves Robust READ MORE Add a Comment Cancel replyYour email address will not be published.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