The Zimbabwe central bank has introduced a new currency called the ZiG, backed by gold and foreign currency. “With effect from today, banks shall convert the current Zimbabwe dollar balances to ZiG. Zimbabweans have 21 days to exchange ZWL notes for ZiG.
The incoming Governor of RBZ John Mushayavanhu will arrive at the central bank with the launch of a ‘structured currency’ set for this afternoon, a day after he took President Emmerson Mnangagwa on a tour of the central bank vaults.
Read more
S.I. 60 of 2024 Presidential Powers (Temporary Measures) (Zimbabwe Gold Notes Normal
