DStv Channel 403 Saturday, 02 November 2024

Zimbabwe introduces new currency

JOHANNESBURG - Zimbabwe's new currency, the ZiG has strengthened against the US dollar on its second day.

ZiG is short for Zimbabwe Gold - and it was rolled out on Monday.

The central bank launched the new currency on Friday, and it will replace the Zimbabwean dollar which has tumbled in value over the past year pushing inflation through the roof, which is currently at 55.3 percent.

We spoke to Zimbabwean Journalist, Hopewell Chin'ono about the currency and the country's economy.

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