Zimbabwe’s central bank on Friday said its beleaguered local dollar will be replaced by new currency backed by gold, other precious metals and foreign currencies. Zimbabwe Gold, or ZiG ...

devalued the Zimbabwe Gold (ZiG) by 42.6 percent from about 14 ZiG units per U.S. dollar to 24.4 per dollar on Sept. 27. The official exchange rate has since weakened to 27.6 per dollar as of ...

TASS/. Zimbabwe has rolled out a new national currency called Zimbabwe Gold (ZiG), a TASS correspondent reported from a press conference of the country’s Central Bank in Harare. "The Reserve ...