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Zimbabwe: A new currency to revive the economy

Auteur: Africanews

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Zimbabwe : une nouvelle monnaie pour relancer l’économie

The Central Bank of Zimbabwe has launched a new national currency: the ZiG, for Zimbabwe Gold. The aim is to combat inflation and restore confidence after the collapse of the Zimbabwean dollar.

This new currency is backed by a basket of reserves, primarily gold, of which the country is rich. The authorities promise a more stable, predictable, and better-controlled currency.

From now on, Zimbabwean dollar accounts are being converted into ZiG. The central bank has also significantly reduced its key interest rate, from 130% to 20%, to stimulate the economy.

These measures come in the context of a crisis. In one year, the local currency has lost almost all its value against the US dollar, fueling high inflation.

Faced with this instability, many Zimbabweans continue to favour the US dollar for their transactions and savings.

The challenge is therefore significant for the authorities: to convince the population and investors that this new currency will be sustainable.

Because in a country marked by years of hyperinflation, confidence remains fragile.

Auteur: Africanews
Publié le: Mercredi 08 Avril 2026

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