Zimbabwe introduced a new gold-backed currency ZiG

Internationaldesk:
In April 2024, Zimbabwe has issued a new gold-backed currency called ZiG.  Its name (ZiG) means "Zimbabwe Gold".  Zimbabwe’s effort is to stabilize the economy which has been steadily heading towards crisis for the past 25 years.
 The announcement of the new currency in Zimbabwe comes as the country was grappling with the effects of a serious drought.  The drought has destroyed half the crop of maize, the country's staple food.
 Unveiling the new notes, Central Bank Governor John Mushaiwanhu said the ZiG would be structured and denominated at a market-based exchange rate.