ZiG currency

Zimbabwe’s gold-backed currency gains as central bank tightens monetary policy; further budget measures expected to support the ZiG’s role.

A lawyer argues Zimbabwe’s ZiG currency is no longer legal tender due to an expired statutory instrument, raising concerns about currency stability and legal clarity.

Zimbabwe strengthens support for ZiG currency to reduce US dollar dependence and enhance economic stability.

Finance Minister Mthuli Ncube delivers a tight 2024 Mid Term Budget Review, promoting the ZiG currency for economic stability and growth.

Zimbabwe needs $2.5 billion in foreign reserves to fully de-dollarize, aiming to stabilize its new currency, ZiG, and reduce U.S. dollar dependence.

Zimbabwean shoppers find relief as essential goods remain affordable despite the introduction of the ZiG currency. Government measures and growing confidence in ZiG contribute to price stability.

An IMF delegation will visit Zimbabwe to evaluate the impact of the new ZIG currency on the economy, focusing on inflation, foreign exchange stability, and growth.

In rural Hurungwe, Zimbabwe’s new ZiG currency remains largely unseen, as villagers continue relying on US dollars and barter systems.

Zimbabwe’s central bank targets global markets by applying for an ISO code for its Zimbabwe Gold (ZiG) currency, enhancing its international financial standing.

Zimbabwe introduces its new gold-backed currency, ZiG, transitioning the national budget to stabilize the economy and restore monetary confidence.