Zig- Zimbabwe Rolls Out World Newest and Gold-Backed Currency

Zimbabwe introduced a new gold-backed currency, the Zimbabwe Gold (ZiG), in April to stabilize its economy. This is the sixth currency attempt in 15 years. Despite promotions, public skepticism remains due to economic issues and preference for the U.S. dollar. The government enforced usage by restricting black market trading and arresting dealers, but these measures faced criticism and are deemed insufficient to restore trust.