Zim New Structured Currency Features
Name: Structured Currency;
*Exchange rate/Value: US$1: 10ZiG (ZW$10);
*ZiG (meaning Zimbabwe Gold) is a digital token issued in units of 1 milligramme of gold;
*Gold coin: Mosi-oa-Tunya gold coins are equivalent to ZiG;
*Structured Currency will be gold backed (government been buying bullion to support this currency since October 2022);
*Will also be supported by US$ reserves (from export proceeds retention scheme);
Does the Structured Currency have money characteristics?
Some of the most common characteristics of money are: divisibility, acceptability, …