ZiG

 ZiG

Zimbabwe has introduced a new Currency called the ZiG or Zimbabwe Gold (backed by Gold.)

The ZiG replaces the Zimbabwean Bond Notes.

Zimbabweans have 21 days to exchange all their Zimbabwean Bond Notes into ZiGs.

 

Currency History:

Zimbabwe was known as Rhodesia (a British Colony) from 1888-1923 and used the British Pound.

From 1923-1964 it was known as Southern Rhodesia (still a British Colony) and used the Southern Rhodesian Pound.

From 1964 until 1965 Southern Rhodesia (still a British Colony) used the Rhodesian Pound.

In 1965 Southern Rhodesia declared itself independent but wasn’t recognized by most of the worlds - as Rhodesia - and used the Rhodesian Pound from 1965-1970.

From 1970-1980 Rhodesia used the Rhodesian Dollar.

In 1980 Rhodesia became Zimbabwe and switched to the Zimbabwean Dollar until 2014 when Hyperinflation occurred  (1 US Dollar = 35 Quadrillion Zimbabwean dollars.)

From 2014 until today Zimbabwe has allowed the US Dollar, the South African Rand, the Botswana Pula, the British Pound, the Euro, the Australian Dollar, the Chinese Yuan, the Indian Rupee, and the Japanese Yen to be legal tender in the country.

In 2016 Zimbabwe also introduced the Zimbabwean Bond Note (backed by the US Dollar.) The other Foreign Currencies continue to be used throughout the country with the US Dollar the most popular.