ZiG_Posters

Zimbabwe’s latest gold-backed currency is bound to fail, say critics


Issue 505 - 12 May 2024 - By Tonderayi Mukeredzi | 4 minute read

The unveiling of a new gold-backed currency has been met with a sceptical reception, reflecting a lack of public confidence and issues around non-convertibility the authorities will have to overcome if the ZiG is to avoid the fate of the Zimbabwe’s other monetary failures over the past two decades, writes Tonderayi Mukeredzi in Harare.

Tagged with:

Pin Strategy & risk

Pin Zimbabwe

Want to read more?

Subscriber only content

An active subscription is required to view this article

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register