Zimbabwe's Gold-Backed Currency Rebounds on Bullion Rally and Reserves
14:14 31.12.2025 (Updated: 14:24 31.12.2025)
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Zimbabwe's Gold-Backed Currency Rebounds on Bullion Rally and Reserves
The ZiG has recovered most of its early-year losses against the US dollar, trading at 25.98 per dollar, its strongest level since January, according to the central bank’s data as of Wednesday.
The rebound was bolstered by strong gold prices and increased foreign-exchange reserves, according to the bank.
Since its introduction in April 2024, the ZiG has depreciated only 0.7% against the dollar this year.
This relative stability marks a significant step for Zimbabwe, which has struggled for nearly two decades to establish a viable national currency following past episodes of hyperinflation and dollarization.
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