Zimbabwe's ZiG: ZiG Used to Pay for 40% of Transactions Zimbabwe has introduced a new gold-backed currency called ZiG (Zimbabwe Gold) to replace its devalued dollar and stabilize its economy. Despite government efforts to promote the ZiG through various means, including music and public campaigns, it faces public mistrust and devaluation on the black market. The government is taking strict measures against currency dealers and businesses to support the ZiG, while also reporting increased usage in transactions. However, the U.S. dollar remains dominant in the country, with the government aiming to phase it out in favor of the ZiG by 2026. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts PIMCO Cautions: Inflation and Recession Battles Not Yet Won READ MORE President Biden Announces Plans for Student Debt Relief for Over 30 Million Americans READ MORE Signs of Market Rotation: Small Caps Soar as Tech Leaders Lose Ground READ MORE Stocks and Bonds Retreat as Investors Brace for Economic Indicators READ MORE Singapore – The World’s largest central bank gold buyer in Q1 2023 READ MORE Add a Comment Cancel replyYour email address will not be published.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