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ZIMBABWE GOLD NOTES INTRODUCEDIn the here-we-go-again department, Zimbabwe is issuing yet another new version of its' inflated currency. -Editor 
Zimbabwe's recently introduced gold-backed currency is sliding on the local black market but officials insist the currency is getting stronger and has a bright future. Columbus Mavhunga reports from Harare. Even songs are played on the radio encouraging citizens to embrace the currency, called Zimbabwe Gold — or ZiG — introduced on April 5 trading at 13.56 to the U.S. dollar. Official statistics say ZiG is now trading at 13.41. But on the black market it is around 20. Bond notes refer to the currency which was launched in 2019 after a decade of Zimbabwe using the U.S. dollar and other currencies. The bond note had lost about 80% of its value and was trading at around 40,000 to the dollar before its official demise. The government says for now, commodities like fuel will still be bought and sold using U.S. dollars. Gift Mugano, an economics professor, predicts the new currency will go the way of the abandoned one.
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Aidan Work passed along a .pdf illustrating security features of the new ZiG notes. Thanks. -Editor Aidan adds: "Zimbabwe's ZiG currency will actually be released on 30 April. "There will be coins of 1/4 & 1/2 ZiG as well as the banknotes." 
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Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum All Rights Reserved. NBS Home Page Contact the NBS webmaster 
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