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The ZiG currency was announced on 5 April 2024, taking the name from ZiG digital tokens, which are now available as GBDT. [15] The ZiG is Zimbabwe's sixth attempt since 2008 at creating a new currency that will make it independent of the US dollar. [16] Since the currency crisis of 2008–2009, Zimbabwe has a multi-currency system.
A new joint currency will be launched this year for the Dutch Caribbean constituent countries of Curacao and St. Maarten more than a decade after they became autonomous within the Kingdom of the ...
President Trump's Jan. 23 executive order creates a crypto task force to craft rules and study a national reserve or stockpile of digital assets.
A major cash crunch occurred in February 2023 when the Nigerian government used a currency note changeover—delivering too few of the new notes into circulation—to attempt to force citizens to use a newly-created government-sponsored central bank digital currency. This led to extensive street protests. [6] [7] [8]
In November 2020, the Central Bank announced the introduction of the replacement guilder, which was planned for implementation in the first half of 2021; [4] however, release of the new currency was delayed several times. The official launch of the new guilder was eventually scheduled for the end of March 2025. [5]
Trump's conflict of interest coin is making the crypto industry look bad, but the memes and the money are the ultimate use case.
On 5 April 2024, the Reserve Bank of Zimbabwe announced a new currency to be introduced on 8 April 2024, called the Zimbabwe Gold (ZiG), replacing the Zimbabwean dollar. ZiG is to be backed by a basket of reserves comprising foreign currency and precious metals (mainly gold). Zimbabweans were given 21 days to convert their cash into ZiG.
US President-elect Donald Trump threatened to levy 100% tariffs on BRICS -- a China- and Russia-led group of nations with emerging economies -- if the countries decide to issue their own currency.