Skip to content

Live On Air

🎧 Listen Live 🔴

  • Home
  • Classic TV
  • Shows
  • The Crew
  • News
  • Events
  • Competitions

Zimbabwe launches new gold-backed currency

News

Zimbabwe has introduced a new gold-backed currency called ZiG – the name stands for “Zimbabwe Gold”.

It is the latest attempt to stabilise its economy.

Unveiling the new notes, central bank governor John Mushayavanhu said the ZiG would be structured, and set at a market-determined exchange rate.

The ZiG replaces a Zimbabwean dollar, the RTGS, that had lost three-quarters of its value so far this year.

Zimbabweans have 21 days to exchange old, inflation-hit notes for the new currency.

However, the US dollar, which accounts for 85% of transactions, will remain legal tender.

More Posts

Supreme Court Upholds Okpebholo’s Edo Governorship Win in Unanimous Ruling

Supreme Court Upholds Okpebholo’s Edo Governorship Win in Unanimous Ruling

Read More »
FBI Seeks Military Veteran in Texas Detention Center Ambush

FBI Seeks Military Veteran in Texas Detention Center Ambush

Read More »
Nigeria Protests US Visa Clampdown as UAE and UK Tighten Travel Rules

Nigeria Protests US Visa Clampdown as UAE and UK Tighten Travel Rules

Read More »
Henderson Departs Ajax Early After Captaining Resurgence

Henderson Departs Ajax Early After Captaining Resurgence

Read More »
  • 2025 Copyright © Megalectrics Limited
  • Privacy Policy
  • Terms
Facebook-f Instagram Twitter Youtube
Facebook-f Instagram Twitter Youtube
  • Copyright © 2022 Megalectrics Limited
  • Listen Live

Live On Air

  • About Us
  • Shows
  • News
  • Classic TV
  • The Crew
  • Contact Us

Classic 97.3 FM

LAGOS

26 Keffi Street, Off Awolowo Road, Ikoyi, Lagos

  • Port-Harcourt
  • Abuja
  • Privacy Policy
  • Terms
  • 2025 Copyright © Megalectrics Limited
Facebook-f Instagram Twitter Youtube
  • Listen Live

Live On Air

  • Home
  • About Us
  • Classic TV
  • Shows
  • The Crew
  • News
  • Contact Us
Facebook-f Instagram Twitter Youtube
  • Privacy Policy
  • Terms
  • Copyright © 2022 Megalectrics Limited