Zimbabwe’s New Gold-Backed Currency is Blighted by Trust Issues

ZiG: Zimbabwe’s New Gold-Backed Currency Blighted by Trust Issues ZiG, the new gold-backed currency the Reserve Bank of Zimbabwe (RBZ) unveiled in April to contain high inflation, has been dogged by trust issues. Economists say that fixing broken trust, and not a new currency, will stabilize the economy. The Southern African country has attempted to introduce a new currency six times in the past 15 years to replace the Zimbabwean dollar. Each attempt has failed, resulting in huge losses in savings for people. What Is the ZiG? In 2009, the Zimbabwe government legalized the use of several foreign currencies, including the U.S….