The Zimbabwe Gold (ZiG; code: ZWG) is the official currency of Zimbabwe since 8 April 2024, backed by US$1.6 billion worth of hard assets: foreign currencies, gold, and other precious metals. It replaced the 2019–2024 Zimbabwean dollar, which suffered from rapid depreciation, with the official exchange rate surpassing 30,000 Zimbabwean dollars per US dollar on 5 April 2024, whilst the parallel market rate reached 40,000 per US dollar.
The Zimbabwe Gold (ZiG; code: ZWG) is the official currency of Zimbabwe since 8 April 2024, backed by US$1.6 billion worth of hard assets: foreign currencies, gold, and other precious metals. It replaced the 2019–2024 Zimbabwean dollar, which suffered from rapid depreciation, with the official exchange rate surpassing 30,000 Zimbabwean dollars per US dollar on 5 April 2024, whilst the parallel market rate reached 40,000 per US dollar.
Source: Wikipedia "Zimbabwe Gold" · CC BY-SA 4.0
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