(Bloomberg) -- Zimbabwe’s new gold-backed currency the ZiG strengthened a day after its debut, even as it roiled commerce nationwide as banks, retailers and utilities battled to switch to the new unit ...

(Bloomberg) -- Zimbabwe’s new gold-backed currency, the ZiG, isn’t even a year old and is already suffering from the same lack of credibility that doomed its predecessors. Finance Minister Mthuli ...

(Bloomberg) -- Zimbabwe’s new currency is a step toward eventually abandoning the use of US dollars in the economy, Vice President Constantino Chiwenga said. The ZiG was introduced on April 5 to ...

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HARARE, Zimbabwe — Zimbabwe on Friday launched a new currency to replace its previous one that in recent months has been battered by depreciation, and in some instances rejection by the population.