1 ZiG

Zimbabwe's ZiG — short for Zimbabwe Gold — was introduced in April 2024 as the country's sixth attempt at a stable currency since the catastrophic hyperinflation of the late 2000s. Unlike its predecessors, the ZiG was explicitly backed by a basket of foreign currencies and gold reserves held by the Reserve Bank, a structural condition the government made public from launch. Whether that backing holds under pressure remains, as of this writing, an open question — the currency was devalued by roughly 44% just six months after introduction.