Zimbabwe introduces new gold-backed currency to tackle inflation

The new currency is intended to provide greater security and predictability. Zimbabwe is one of the countries with the highest inflation rates in the world.

Zimbabwe launches new gold-backed currency | WND | by Around the Web

(BBC) – Zimbabwe has introduced a new gold-backed currency called ZiG – the name stands for "Zimbabwe Gold." It is the latest attempt to stabilise an economy that has lurched from crisis to crisis for the past 25 years. Unveiling the new notes, central bank governor John Mushayavanhu said the ZiG would be structured, and…

Zimbabwe replaces local dollar with new currency called Zimbabwe Gold (ZiG)

The new currency will be backed by reserves of foreign currency and precious metals mined in the country

Zimbabwe unveils new gold-backed currency

HARARE, April 5 (Xinhua) -- Zimbabwe on Friday introduced to the market the much-awaited structured currency that monetary authorities expect to foster currency stability and contain rising inflation. Read full story

Zimbabwe unveils brand new currency, and more from around the world

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Zimbabwe launches ‘gold’ currency to replace dollar

The southern African nation’s central bank governor says the move is expected to help reduce inflation