The Reserve Bank of Zimbabwe has introduced a new currency called Zimbabwe Gold (ZiG) in digital and physical forms. The central bank created ZiG, backed by gold and stablecoin, to address economic instability in the nation and decrease reliance on the U.S. dollar.

ZiG was initially launched as a digital payment system in October, replacing the depreciated Zimbabwean dollar. The physical version of ZiG, in paper and coin formats, began circulating on April 29 and was adopted by all national lenders by the end of the day according to Bloomberg. This move follows a reduction in the central bank's interest rate from 130% to around 20%, overseen by John Mushayavanhu, the new head of the bank. Zimbabwe's money supply is backed by 2.5 tons of gold, and the country holds $100 million in foreign currency reserves, aiming to lower the inflation rate from over 55% to 2% annually.