2 ZiG

Introduced in April 2024, the ZiG — short for Zimbabwe Gold — was Zimbabwe's sixth attempt at a stable currency since the catastrophic hyperinflation that destroyed the Zimbabwe dollar in 2009. Unlike its predecessors, it was explicitly backed by a basket of foreign currencies and physical gold reserves held by the Reserve Bank. Whether that backing holds under fiscal pressure remains the central question; Zimbabwe's previous "structured currency" experiments collapsed within months of launch.