Reported 5 months ago
Zimbabwe authorities are using a mix of charm and force to defend the country's newest currency, the ZiG or Zimbabwe Gold, in the face of public mistrust and structural barriers. The government has launched a crackdown on street currency dealers and businesses accused of undermining the ZiG's value, freezing accounts and arresting individuals. Despite official efforts to promote the new currency, the U.S. dollar continues to be widely preferred for transactions, leading to challenges in establishing confidence in the ZiG.
Source: YAHOO