THE Ministry of Finance has maintained that Zimbabwe’s gold-backed currency, ZiG, will bring more economic benefits than challenges, even as it has lost value over recent weeks. Since its April launch, the ZiG has experienced volatility, with its value dropping from around 14 to nearly 25 against the US dollar. Currently, it trades at ZiG26,9024…
‘ZiG remains best foot forward’
Zimbabwe operates a multi-currency system dominated by the US dollar, alongside the ZiG, which was introduced in April 2024.