Zimbabwe’s ZiG Currency: How Does It Work, and Can It Last?

Zimbabwe’s ZiG Currency: How Does It Work, and Can It Last?

Zimbabwe’s gold-backed currency, the ZiG, is already suffering from the same lack of credibility that doomed its predecessors.

IMF wants Zimbabwe’s gold-backed ZiG to become sole currency

The International Monetary Fund said it would like to see the ZiG “fully becoming a national currency,” as it weighs whether to place Zimbabwe on a staff-monitored program. The ZiG, short for Zimbabwe Gold, succeeded the Zimbabwean dollar in April 2024 after multiple crashes. It’s the country’s sixth attempt since 2009 to replace the dollar as the southern African nation’s main transacting currency, but is yet to succeed. Several measures will n…

The IMF's Misguided Push for a ZiG Mono-currency: Why It's a Terrible Idea for Zimbabwe - Zimpricecheck

The International Monetary Fund (IMF), a globally respected institution staffed by learned technocrats, recently made a pronouncement that has raised more than a few eyebrows in Zimbabwe. According to a report by Bloomberg, the IMF wants to see the Zimbabwe Gold, or ZiG, “fully becoming a national currency.” On the surface, this sounds like a vote of confidence. However, reading between the lines of diplomatic language, this likely means the IMF…

The Real Truth They Don’t Want You To Know: Why Property Is So Expensive In Zimbabwe  - Zimbabwe Situation

I didn’t plan to write this. But sometimes an article burrows into your thoughts and refuses to let go. That’s what happened when I stumbled across a piece online titled “Why Are Properties So Pric… Source: The Real Truth They Don’t Want You To Know: Why Property Is So Expensive In Zimbabwe – Zealous Thierry I didn’t plan to write this. But sometimes an article burrows into your thoughts and refuses to let go. That’s what happened when I stumbl…

The Real Truth They Don’t Want You To Know: Why Property Is So Expensive In Zimbabwe

That’s what happened when I stumbled across a piece online titled “Why Are Properties So Pricey in Zimbabwe? Here Are 8 Reasons” published on 9 June, 2025, by NewZWire. It was informative, well-structured, and made a compelling case around factors like land shortages, inflation, and the collapse of the mortgage market. I read it twice. Then I sat with it. Yet something nagged at me long after I’d put my phone down. It wasn’t what the article sai…

Why are properties so pricey in Zimbabwe? Here are 8 reasons

Zimbabwe’s real estate market has been a hot topic in recent years, with property prices continuing to soar. Whether you’re a first-time buyer or an investor, understanding the factors driving these high prices is crucial. In this article, property.co.zw explores why houses are expensive in Zimbabwe and what this means for buyers, sellers, and investors. […] The post Why are properties so pricey in Zimbabwe? Here are 8 reasons appeared first on …