Zimbabwe’s Gold-Backed Currency Sees Gains, but US Dollar Remains Dominant

Zimbabwe’s gold-backed currency, the ZIG, has seen a significant increase in usage since its introduction in April. While the U.S. dollar remains the dominant currency for most citizens, the ZIG is used for 40% of payments and 80% of government transactions. The government aims to eventually replace the U.S. dollar with the ZIG as the […]

source https://news.bitcoin.com/zimbabwes-gold-backed-currency-sees-gains-but-us-dollar-remains-dominant/