The Zimbabwe Gold (ZiG; code: ZWG)[3] is the official currency of Zimbabwe since 8 April 2024,[2] backed by US$575 million worth of hard assets: foreign currencies, gold, and other precious metals.

[8] The ZiG is notionally divided into 100 cents, which were first used by the Zimbabwe Stock Exchange before the currency had an ISO code.

[10] Although the rate of devaluation of the ZiG may vary,[11] the ZiG has consistently lost value since its introduction, and its long-term prospects are dim so long as large grain imports continue and the government continues to overspend.

[15] The ZiG is Zimbabwe's sixth attempt since 2008 at creating a new currency that will make it independent of the US dollar.

[17] Briefly, from June 2019 to March 2020, the government required all transactions to be done in Zimdollars; but that quickly proved impractical.

[20] In discussions the government decided to issue a new currency backed by gold reserves, the ZiG.

[20] The government and the central bank expect the use of ZiG to increase in the country gradually.

As an incentive, companies are required to pay fifty-percent of their quarterly taxes in ZiG.

Gift Mugano, a visiting professor of economics at the University of Zimbabwe Business School, said, "The government is [still] refusing its own money to pay for passports, fuel and other services.

[40] All banks and financial institutions were instructed to convert all ZWL balances, obligations, and accounts to the new currency, ZiG.