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 ...

Zimbabwe launched the ZiG earlier this year. It is the country’s sixth attempt to have its own currency since 2009. The government said the ZiG was backed by gold and U.S. dollars and promised ...

After dabbling in literal gold coins and centrally issued digital variants, Zimbabwe’s central bank is saying the ZiG is a chance for a “solid and stable” national currency. Before it’s ...

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). The RBZ introduced ...

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 monetary crisis that has seen the government try gold coins and a ...

HARARE, Zimbabwe (AP) — Out with the Zimbabwe dollar, in with the ZiG. Zimbabwe on Tuesday started circulating a new currency to replace one that has been battered by depreciation and often ...