💨 Abstract

US economist Steve Hanke ranks Zimbabwe’s ZiG among the world’s worst-performing currencies, placing it sixth based on depreciation and inflation. Introduced in April 2024, the gold-backed currency has failed to gain traction, with Zimbabweans preferring the US dollar and South African rand. The government plans to make ZiG the sole legal tender, but critics warn of structural issues like low production and policy inconsistency. Economists urge inflation stabilization and transparency to restore confidence.

Courtesy: Dumani Moyo