Zimbabwe Replaces Local Dollar with Gold-Backed ZiG

Zimbabwe has replaced its faltering local dollar with a new gold-backed currency, named the Zimbabwe Gold (ZiG). This move, instigated by the administration of the President Emmerson Mnangagwa, indicates a major change in the nation’s monetary policy. ZIMBABWE'S MUCH ANTICIPATED NEW GOLD-BACKED 'STRUCTURED CURRENCY', THE ZiG, LAUNCHED The Reserve Bank of Zimbabwe [RBZ] today launched The post Zimbabwe Replaces Local Dollar with Gold-Backed ZiG appeared first on CoinGape .