It has been suggested that GBDT (digital token) be merged into this article. (Discuss) Proposed since April 2024.
Zimbabwe Gold
ZiG
ISO 4217
Code
None
Unit
Plural
ZiGs
Symbol
ZiG
Denominations
Banknotes
10, 20, 50, 100, 200 ZiG
Coins
1/10, Quarter, Half, 1, 2, 5[1]
Demographics
Date of introduction
8 April 2024; 25 days ago (2024-04-08)[2]
Replaced
Zimbabwean dollar
User(s)
Zimbabwe
Issuance
Central bank
Reserve Bank of Zimbabwe
Website
www.rbz.co.zw
The Zimbabwe Gold (ZiG) has been the official currency of Zimbabwe since 8 April 2024,[2] backed by US$575 million worth of hard assets: foreign currencies, gold, and other precious metals.[3][4][5] It replaced the Zimbabwean dollar, which suffered from rapid depreciation, with the official exchange rate surpassing 30,000 Zimbabwean dollars per U.S. dollar on 5 April 2024, whilst the parallel market rate reached 40,000 per U.S. dollar.[6] Annual inflation in Zimbabwe hit 55.3% in March 2024.[7]
^ ab"Zimbabwe Replaces Battered Dollar With New Gold-Backed Currency Called ZiG". Bloomberg.com. 2024-04-05. Retrieved 2024-04-05.
^Chikandiwa, Tafadzwa Mhlanga and Harriet. "US$575m war chest to anchor new currency". The Zimbabwe Independent. Retrieved 2024-04-05.
^"Zimbabwe Launches New Gold-backed Currency". AFP. 5 April 2024 – via Barrons.
^Agbetiloye, Adekunle (2024-04-05). "Zimbabwe's new gold-backed currency ZiG to replace its dollar in April". Business Insider Africa. Retrieved 2024-04-05.
^"Zimbabwe introduces new gold-backed currency to tackle inflation". Al Jazeera. 5 April 2024. Archived from the original on 8 April 2024. Retrieved 6 April 2024.
^Mutsaka, Farai (5 April 2024). "Zimbabwe introduces new currency as depreciation and rising inflation stoke economic turmoil". The Associated Press. Archived from the original on 7 April 2024. Retrieved 8 April 2024.
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