New ZiG currency could end Zimbabwe’s 15-year monetary crisis
TL;DR, Zimbabwe’s Zig Currency is backed by $100 million cash and 2.52 tonnes of gold worth $185 million, replacing a dollar that declined 70% this year. Â Interest rates dropped from 130% to 20% as Zimbabwe Stock Exchange and national payment systems quickly adopted the new gold-backed currency. Public skepticism remains high due to past monetary…
