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 Pierre Andurand Predicts Copper Prices to Quadruple Amid Green Energy Boom READ MORE Fed's Hesitation on Rate Cuts Risks Economic Stability, Experts Warn READ MORE Potential Layoffs Ahead as Companies Brace for Interest Rate Hikes READ MORE Rising Gold Prices Cool Off Indian Market Demand in Fourth Quarter READ MORE Bank of Canada Highlights Investment Need to Combat Inflation READ MORE Add a Comment Cancel replyYour email address will not be published.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