At the beginning of April, Zimbabwe introduced a new currency called Zimbabwe Gold, or ZiG for short. What makes this currency special is that it’s fully backed by real, valuable assets like gold and other foreign currencies, giving it more credibility than past currencies the country has tried.

However, the ZiG is already facing challenges. Zimbabwe’s central bank governor, John Mushayavanhu, recently told Bloomberg that the new currency is struggling because of a growing gap between it...