𝐙𝐢𝐦𝐛𝐚𝐛𝐰𝐞: 𝐎𝐮𝐭 𝐠𝐨𝐞𝐬 𝐭𝐡𝐞 𝐙𝐢𝐦𝐛𝐚𝐛𝐰𝐞 𝐝𝐨𝐥𝐥𝐚𝐫 𝐚𝐧𝐝 𝐢𝐧 𝐜𝐨𝐦𝐞𝐬 𝐭𝐡𝐞 𝐙𝐢𝐆

Replacing one battered by depreciation and, in many cases, outright rejection by the people, Zimbabwe began circulating a new currency on Tuesday.

The ZiG was introduced electronically in early April, but consumers can now utilise banknotes and coins.

It is the latest attempt by the southern African country to end a long-running currency crisis that has highlighted its ongoing economic problems.

The government had previously implemented other plans to replace the Zimbabwe dollar, including introducing gold coins to combat inflation and even experimenting with a digital currency.

Since its electronic launch on April 5, the ZiG—short for Zimbabwe Gold and backed by the country’s gold reserves—appears to be travelling down the same path of mistrust, with several government offices refusing to recognise it.

𝐙𝐢𝐦𝐛𝐚𝐛𝐰𝐞: 𝐎𝐮𝐭 𝐠𝐨𝐞𝐬 𝐭𝐡𝐞 𝐙𝐢𝐦𝐛𝐚𝐛𝐰𝐞 𝐝𝐨𝐥𝐥𝐚𝐫 𝐚𝐧𝐝 𝐢𝐧 𝐜𝐨𝐦𝐞𝐬 𝐭𝐡𝐞 𝐙𝐢𝐆