Zim New Structured Currency Features

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, …