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 Fed's Inflation Blunder Sets Stage for Looming US Recession, Says Top Economist READ MORE Mined Commodities May Push Higher on Structural Trends: Expert READ MORE Goldman Sachs: Rising Unemployment Not a Recession Signal READ MORE VanEck CEO Bullish on Bitcoin and Gold Amid Global Economic Shifts READ MORE Mortgage Rates Continue to Climb in February READ MORE Add a Comment Cancel replyYour email address will not be published.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