Zimbabwe's New Gold-Backed Currency Marks Promising Start Zimbabwe has debuted the new ZiG, its new gold-backed currency. Launching with a robust start, the ZiG appreciated to $13.45 from its initial $13.56 against the U.S. dollar in just a week, marking a promising 0.8% gain. This early success is a beacon of hope for an economy previously marred by inflation and currency instability. Backed by significant gold and foreign currency reserves, the ZiG is more than just currency; it’s a cornerstone of Zimbabwe’s strategy for economic stabilization and growth. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Beyond the Numbers: The Varied Impact of Inflation READ MORE Will Gold Continue to New Heights? READ MORE Oaktree's Marks Forecasts 3-4% 'New Normal' for US Interest Rates READ MORE U.S. Labor Market Surges with 353,000 New Jobs in January, Crushing Expectations READ MORE What Pops THE BUBBLE CENTURY? READ MORE Add a Comment Cancel replyYour email address will not be published.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