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Zimbabwe Gold Stabilizes Amid Rally and Higher Reserves

1/1/2026

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Summary

Story summary

The Zimbabwe Gold (ZiG) has gained stability due to a gold rally and higher foreign-exchange reserves, marking Zimbabwe's sixth attempt to stabilize currency after dollarization in 2009.
It traded at 25.98 per dollar on Tuesday, high not seen since January 8.
Since its launch in April 2024, the ZiG has depreciated only 0.7% against the dollar this year.
The ZiG remains thinly circulated, with most transactions conducted in U.S. dollars.

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Story summary

The Zimbabwe Gold (ZiG) has gained stability due to a gold rally and higher foreign-exchange reserves, marking Zimbabwe's sixth attempt to stabilize currency after dollarization in 2009.
It traded at 25.98 per dollar on Tuesday, high not seen since January 8.
Since its launch in April 2024, the ZiG has depreciated only 0.7% against the dollar this year.
The ZiG remains thinly circulated, with most transactions conducted in U.S. dollars.