![Zimbabwe’s new gold-backed currency: Can the ZiG restore confidence and stability? Zimbabwe’s new gold-backed currency: Can the ZiG restore confidence and stability?](https://static.bullionstar.com/files-blog/image/blogs/uploads/2024/06/150_150_RBZ-governor.png)
Zimbabwe’s new gold-backed currency: Can the ZiG restore confidence and stability?
Zimbabwe's latest currency, the ZiG, is backed by gold and foreign exchange reserves, and has been launched amid hopes of stabilising the economy and reining in inflation.
Yet, amid public scepticism and the risk of overprinting, it remains to be seen whether the ZiG will be successful or end up doomed like its predecessors. Continue Reading