In early April, Zimbabwe launched a new currency called Zimbabwe Gold (ZiG), fully backed by gold and foreign reserves, aiming to replace the US dollar within two years. President Emmerson Mnangagwa announced this at an event, predicting ZiG's nationwide acceptance soon. Backed by 100 tonnes of gold and $100 million in reserves, ZiG initially exchanged at 13.56 per US dollar but has since slightly depreciated. Zimbabwe previously banned and then lifted the ban on US dollars, and now plans to fi...