1 ZiG

The ZiG — short for Zimbabwe Gold — was introduced in April 2024 as Zimbabwe's sixth attempt at a stable currency since the hyperinflationary collapse of the original dollar in 2008. Unlike its predecessors, it was explicitly pegged to and backed by a physical gold reserve held by the Reserve Bank, a structural commitment no previous Zimbabwean currency had formally maintained. Whether that backing proves credible over time is the question the market has been asking since day one.

These notes entered circulation while the RTGS dollar, Bond Notes, and ZWL were still fresh in public memory — a history that made street-level confidence slow to develop regardless of any formal gold peg.