In Zimbabwe, the new currency, Zimbabwe Gold (ZIG) will be circulated alongside foreign currencies. Banks have to convert their current Zimbabwean dollar balances into the new Ziggy currency which will go into effect immediately. People have 21 days to exchange their old notes and coins for new ones. It is expected the new currency will have a profound on inflation…The new currency is anchored by a composite basket of foreign currency and precious metals, mainly gold…The ZIG has denominations between 1 and 200.
