#Fiat collapse in 5 months since launch
The ZiG Zimbabwean currency nominally backed by #GOLD has collapsed within 5 months of launch
According to Zim EYE
"The admission was made by Acting President Constantino Chiwenga, acknowledging that he may phase out the Zimbabwe Gold (ZiG) currency and introduce a new monetary system when he takes over power." (Source : Zim EYE 5th Septenber)
https://www.zimeye.net/2024/09/05/zig-finally-collapses/
This is unquestionably a further tragedy for impoverished Zimbabwe.
They need a hard, inviolable currency - Any suggestions ?
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