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 History Shows Interest Rate Cuts Aren't Good News for Profit Forecasts READ MORE Navigating Credit Card Debt Across the U.S.: A State-by-State Analysis READ MORE Analyst Says Silver Could Be Headed to $50 READ MORE Gold's Price Peak Sparks Investor Debate READ MORE Copper Prices Hit Record Highs Indicating Economic Resurgence READ MORE Add a Comment Cancel replyYour email address will not be published.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