Here’s why the Zimbabwe ZiG currency faces a grim future

Here’s why the Zimbabwe ZiG currency faces a grim future

The Zimbabwean ZiG currency has lost momentum this year, even as the price of gold has surged to a record high, boosting its assets. The official USD/ZWG exchange rate stands at 26.77, much higher than the listing price of 13. This means that it has lost almost 100% of its value a year after its inception.Why the Zimbabwe ZiG currency crashedZimbabwe, a country in Southern Africa, has moved from one currency crisis to the other. In April last ye…