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Can Zimbabwe’s ZiG win trust and replace the US dollar?
Harare, Zimbabwe – The government is trying to persuade citizens to use its own currency more widely, with the longer-term aim of reducing reliance on the US dollar.
AI Summary
Zimbabwe’s government is encouraging citizens to use the Zimbabwe Gold (ZiG), a currency launched in April 2024, as a step toward reducing dependence on the US dollar. The initiative follows years of currency instability that has left many people skeptical of the new currency. By promoting ZiG, the authorities aim to rebuild confidence in the local monetary system. The effort is part of a broader strategy to shift economic activity away from dollar‑based transactions.
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