Zimbabwe Central Bank Outlines Plans to Adopt ZiG as Sole Currency

Zimbabwe’s central bank has set targets it must achieve before the gold-backed ZiG becomes the nation’s sole currency by the end of the decade.

The southern African nation plans to abandon the use of US dollars in transactions by 2030 and switch to a mono-currency system. Five previous attempts have failed, with the ZiG, short for Zimbabwe Gold, introduced in April 2024 the latest bid.