(Posted 15th April 2024)
The Reserve Bank of Zimbabwe (RBZ) has introduced a new gold-based currency, the ZiG (Zimbabwe Gold), which replaces the the Zimbabwean dollar (ZW$) as Zimbabwe’s legal tender. It’s the country’s sixth attempt at creating a new currency since 2008. The ZiG is backed by foreign currencies, gold and precious minerals. The new ZiG banknotes come in eight denominations:… READ MORE
