A photo of John Mushayavanhu, Governor of the Reserve Bank of Zimbabwe, presenting the new national currency Zimbabwe Gold, or ZiG for short, at a press conference on April 5, 2024.

Due to high inflation, Zimbabwe's central bank has introduced a new currency that is primarily linked to gold, but also to a number of other precious metals and foreign currencies.

Photo by Columbus Mavhunga/picture alliance via Getty Images.

Zimbabwe’s New Currency is Failing to Inspire Trust Among Citizens

The Zimbabwe Gold is entering similar economic conditions as its predecessors, despite government statements that it will stave off hyperinflation.