Zimbabwe’s Gold-Backed ZiG Weakens for First Time Since Debut Unit sheds nearly 1% of value as it tracks gold price movement ZiG part of wider plan to abandon US dollar use, official says Zimbabwe’s gold-backed currency the ZiG weakened for the first time since its debut earlier this month. The currency traded almost 1% weaker at 13.38 per dollar on Thursday compared with a day earlier, central bank data shows, tracking the decline in the gold price. The metal has fallen in the past three days. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold prices are at an all-time high—but experts like Warren Buffett don’t always recommend investing READ MORE Gundlach's Investment Strategy: Cash and Gold in a Volatile Market READ MORE Gen Z will pay dearly for this U.S. blunder on the massive debt that boomers, Gen X, and millennials are dumping on them, former White House economist warns READ MORE People in China are so spooked about the economy that even the weak yuan isn’t stopping them from buying more gold READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
