Tag

Zig

All articles tagged with #zig

"Zimbabwe Balances Diplomacy and Force to Stabilize New Currency"
economy1 year ago

"Zimbabwe Balances Diplomacy and Force to Stabilize New Currency"

Zimbabwe's government is promoting its new gold-backed currency, the ZiG, through public rallies, media campaigns, and forceful measures like arresting street currency dealers and freezing business accounts. Despite these efforts, public mistrust and a preference for U.S. dollars persist, driving a robust black market. The ZiG faces significant challenges in gaining acceptance, with many businesses and individuals still relying on the U.S. dollar for transactions.