Zimbabwe ZiG

Zimbabwean gold

Zimbabwean_ZiG

Zimbabwean currency introduced in 2024

ZWG

Currency of Zimbabwe

<span lang="en" dir="ltr"><span class="mw-page-title-main">Zimbabwean ZiG</span></span>

The Zimbabwe Gold is the official currency of Zimbabwe since 8 April 2024, claimed to be backed by US$900 million worth of hard assets: foreign currencies, gold, and other precious metals. 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. Prior to the introduction of the ZiG, annual inflation in Zimbabwe hit 55.3% in March 2024. In the first year after its introduction, the ZiG lost half of its value.

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Zimbabwean ZiG

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