Currency

ZiG: Zimbabwe’s New Gold-Backed Currency Blighted by Trust Issues
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ZiG: Zimbabwe’s New Gold-Backed Currency Blighted by Trust Issues

Zimbabwe’s new gold-backed currency, ‘ZiG,’ has been dogged by issues of trust. Economists say that fixing broken trust, and not a new currency, will stabilize the economy. ZiG, short for Zimbabwe Gold, was unveiled by the Reserve Bank of Zimbabwe (RBZ) in April as a measure to contain high inflation. This move marks the sixth...