Zimbabwe’s central bank has made a significant announcement about introducing a digital currency named ZiG, which is backed by gold reserves. This effort was made to stabilize its local unit and address high currency volatility.A viral video explains the key points and changes that are to be introduced in order to make ZiG a success. At the same time, findings from a survey conducted in certain regions of the country indicate that transport providers are currently refusing the ZWL$50 banknote. Country hopes that this effort would bring stability, security and convenience to its citizens.
