Zimbabwe's ZiG currency steadily gaining ground despite turbulent transition

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Zimbabwe's ZiG currency steadily gaining ground despite turbulent transition

Zimbabwe’s bold move towards financial stability with the introduction of the ZiG, a gold-backed currency, sees mixed reactions as it gains traction. Despite initial turbulence in commerce, including challenges for banks and businesses adapting to the new system, the ZiG strengthens against the US dollar. While the transition is underway, hurdles persist, with some sectors still reliant on foreign currency. The nation cautiously watches the ZiG’…