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 Starbucks, McDonald's Feel the Pinch as Diners Tighten Belts READ MORE Gold Prices Rebound Slightly, Investors Eye Fed's Preferred Inflation Gauge READ MORE Gold Prices Soar to New Heights Defying Critics READ MORE Fed's Rate Cut Dilemma: Market Braces for Potential Shock READ MORE Gold Eyes Second Weekly Gain Amid U.S. Rate-Cut Hopes READ MORE Add a Comment Cancel replyYour email address will not be published.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