Zimbabwe’s new ZiG currency strengthens on second day of trading
Zimbabwe’s new currency, the ZiG, strengthened a day after its debut, the central bank said.
The currency gained 0.2% to 13.53 per US dollar, according to data published on the Reserve Bank of Zimbabwe’s website on Tuesday.
The ZiG, short for Zimbabwe Gold, was introduced on Monday, Zimbabwe’s sixth attempt to resuscitate the local currency.
Its predecessor, the Zimbabwe dollar, lost value every single trading day of this year before being abandoned on April 5.
Source: bloomberg
Via: norvanreports
