1 image

Zimbabwe ZiG

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.

e: 31257900032510819

wikidata.org 1 view · 1w ago

currency Zimbabwe Business

Back to web

Strings (4)

str_k__gdb_alternateName
str.gdb:alternateName
Zimbabwean gold
str_k__gdb_currencyCode
str.gdb:currencyCode
ZWG
str_k__gdb_image
str.gdb:image
ZiG Coins.jpg
str_k__rdfs_comment
str.rdfs:comment
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.

Zimbabwe ZiG

Strings (4)

Numbers (1)

Datetimes (1)

URIs (3)