• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Zimbabwe's Advancements towards Currency Stability with ZiG

user avatar

by Giorgi Kostiuk

2 years ago


Zimbabwe has been advancing towards currency stability through the introduction of the ZiG currency, backed by gold reserves and foreign currency. The Reserve Bank of Zimbabwe (RBZ) launched Zimbabwe Gold (ZiG) to counter inflation, with the goal of reducing it from over 55% to 2% annually. While facing challenges like illegal foreign exchange trading and coin shortages, the RBZ is actively addressing these issues by cracking down on illegal FX traders, freezing bank accounts, and improving the availability of smaller denomination coins. To promote the usage of ZiG, cash withdrawals using debit cards will be facilitated at select financial service points, enhancing the currency's accessibility and stability in financial transactions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

IOTA Enhances Trade Infrastructure with Blockchain in Africa

chest

IOTA is enhancing trade infrastructure in Africa through its ADAPT initiative, integrating blockchain into supply chain workflows.

user avatarKofi Adjeman

XRP Advances Compliance and Regulated Stablecoin Initiatives

chest

XRP is advancing compliance-friendly settlement solutions with the regulated stablecoin RLUSD, gaining approvals from Dubai and Abu Dhabi regulators.

user avatarTando Nkube

Solana Accelerate Launches in Hong Kong as Web3 Growth Hub

chest

Solana Accelerate is set to launch in Hong Kong in 2026, marking a significant strategic shift towards Asia as a core region for Web3 growth.

user avatarSatoshi Nakamura

Equity Markets Also Affected by Gold and Silver Selloff

chest

The selloff in precious metals impacted equity markets, with major stocks and indexes experiencing significant declines.

user avatarNguyen Van Long

Perpetual Badejo Plans to Expand Tax Education Efforts in 2026

chest

Perpetual Badejo aims to broaden her outreach by partnering with community organizations to educate grassroots audiences about taxation.

user avatarTomas Novak

Perpetual Badejo Recognized as Top Content Creator in Taxation

chest

Perpetual Badejo has been recognized as one of the top 20 content creators in taxation for her dedication to educating Nigerians about tax.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.