Can Zimbabwe’s ZiG win trust and replace the US dollar?
- Harare, Zimbabwe – The government is trying to persuade citizens to use its own currency more widely, with the longer-term aim of reducing reliance on the US dollar.
- But after years of currency instability, many remain reluctant to trust the latest attempt.
- The Zimbabwe Gold (ZiG), introduced in April 2024, is a government effort to restore confidence in the local currency.
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- Harare, Zimbabwe – The government is trying to persuade citizens to use its own currency more widely, with the longer-term aim of reducing reliance on the US dollar.
- But after years of currency instability, many remain reluctant to trust the latest attempt.
- The Zimbabwe Gold (ZiG), introduced in April 2024, is a government effort to restore confidence in the local currency.
Sources: Al Jazeera