Zimbabwe’s central bank has resumed issuing gold coins, a program it halted nearly a year ago, in an effort to bolster the bullion reserves backing the newly introduced local currency, the ZiG ...

A woman shows the new Zimbabwean bank coins called the ZiG, in the streets of Harare, Zimbabwe, Tuesday, April 30, 2024. Zimbabwe started circulating banknotes and coins for another new currency ...

Zimbabwe’s central bank is again issuing gold coins it scrapped ten months ago, a step it took to ramp up the bullion stockpile used to back up the local currency, the ZiG. Minting of the so ...

On Oct. 5, the gold-backed digital token called, Zimbabwe Gold (ZiG), officially launched as a payment method. The launch was announced by the Reserve Bank of Zimbabwe (RBZ).

Source: Amalgamated Rural Teachers Union of Zimbabwe The ZiG is backed by 2.5 tons of gold and $100 million in foreign currency reserves, for a total value of $285 million.

HARARE, April 5. /TASS/. Zimbabwe has rolled out a new national currency called Zimbabwe Gold (ZiG), a TASS correspondent reported from a press conference of the country’s Central Bank in Harare.

Zimbabwe is holding gold coins valued at $501,390 as its only reserves, enough to buy only 1,400 tonnes of maize, the finance minister said on Wednesday, highlighting the parlous state of the ...

Zimbabwe started circulating banknotes and coins for another new currency Tuesday in its latest attempt to solve a long-running and at times baffling monetary crisis that has seen the government ...

The ZiG is the sixth currency Zimbabwe has used since the spectacular 2009 collapse of the Zimbabwe dollar amid hyperinflation of 5 billion percent, one of the world’s worst currency crashes to ...

Since it was launched electronically on April 5, the ZiG - short for Zimbabwe Gold and backed by the country’s gold reserves - appears to be heading down the same path of mistrust, with some ...