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Com TW NOw News 2024

Zimbabwe’s gold-backed currency sees gains but US dollar remains dominant
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Zimbabwe’s gold-backed currency sees gains but US dollar remains dominant

Zimbabwe’s gold-backed currency, the ZIG, has seen significant growth since its introduction in April. While the US dollar is still the dominant currency for most citizens, the ZIG is used for 40% of payments and 80% of government transactions. The government wants to eventually replace the US dollar with the ZIG, as (…)