10 ZiG

The ZiG — Zimbabwe Gold — was introduced in April 2024 as Zimbabwe's sixth attempt at a stable domestic currency since the catastrophic hyperinflation of the late 2000s. Anchored to gold reserves held by the Reserve Bank, it replaced the Zimbabwe Gold coin and the ill-fated Zimbabwe Dollar (ZWL) after that currency lost roughly 80% of its value in the first months of 2024 alone.

Fidelity Printers and Refiners, a Reserve Bank subsidiary, has produced Zimbabwean banknotes domestically since the hyperinflation era — a deliberate policy choice after foreign printers became reluctant partners. Dr John Mushayavanhu took over as RBZ Governor in March 2024, making him the architect of the ZiG transition.