Zimbabwe: 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 need to be adopted to boost ZiG usage, including…