Zimbabwe Faces Deflation with New ZiG Currency Zimbabwe has shifted from extreme inflation to deflation with the introduction of its new currency, the ZiG (Zimbabwe Gold), which replaced the unstable Zimbabwean dollar. In May, consumer prices fell by 2.4% from the previous month, marking a significant change from the previous currency’s volatility. This is Zimbabwe’s sixth attempt in 15 years to establish a stable currency, following the Zimbabwean dollar’s repeated crashes and 80% devaluation against the US dollar earlier this year. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed Survey: Americans Less Concerned About Future Inflation, More Anxious About Debt READ MORE Expect Continued High Interest Rates as Fed Seeks More Progress on Inflation READ MORE Gold Prices Rise Despite Weekly Downtrend as Fed Minutes Signal Caution READ MORE Oil Prices Rise Above $80 Amid Iran-Israel Tensions READ MORE Household Debt Climbs but Economy Shows Signs of Robust Growth READ MORE Add a Comment Cancel replyYour email address will not be published.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