ZiG

See also: zig and Zig

English

This English term is a hot word. Its inclusion on Wiktionary is provisional.

Pronunciation

  • IPA(key): /ˈzɪɡ/[1]
  • Rhymes: -ɪɡ

Noun

ZiG (plural ZiG or ZiGs)

  1. Abbreviation of Zimbabwe Gold, the official national currency of Zimbabwe since April 2024, which began as a gold-backed digital token in October 2023.
    • 2024 April 9, Huileng Tan, “Zimbabwe just introduced a new gold-backed currency in an attempt to fight inflation and wean off the US dollar”, in Business Insider‎[2], archived from the original on 12 April 2024:
      For a start, it's making it compulsory for companies to settle at least half of their quarterly taxes in ZiG, according to the central bank report.
    • 2024 April 30, Farai Mutsaka, “Zimbabwe’s ZiG is the world’s newest currency and its latest attempt to resolve a money crisis”, in The Associated Press‎[3], Harare:
      After the ZiG was introduced electronically, bank accounts of some businesses were frozen, accused by the government of rejecting the new currency.
    • 2024 May 5, Farai Sevenzo, “Is Zimbabwe zigzagging into further currency chaos?”, in BBC News‎[4], Harare:
      Ms Dhliwayo would use Zigs if there were any to be had - but it mostly exists digitally, and in a place where people can rarely charge their phones because of blackouts, it is cash that counts.

Alternative forms

Synonyms

  • (digital token): GBDT

See also

  • Zimbabwean dollar, ZWL

References

  1. ^ Reserve Bank of Zimbabwe (@ReserveBankZIM) (3 October 2023) “RBZ Gold-Backed Digital Tokens – ZiG (Zimbabwe Gold) 1/4”, in X‎[1] (video)
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