Zimbabwe's ZiG Currency Is More Glitter than Gold.

Zimbabwe is attempting to introduce a new currency called the ZiG, backed by $185 million worth of gold and other reserves, in an effort to stabilize its economy. However, there are concerns about the viability of a gold-backed currency, as the price of gold can be volatile and maintaining the desired exchange rate may be challenging. Additionally, Zimbabwe's gold reserves may not be sufficient to support the currency. The country is also facing deeper issues such as economic governance and corruption risks that need to be addressed for long-term stability. [Extracted from the article]