The official currency of Zimbabwe, which has a turbulent monetary history marked by one of the most extreme hyperinflation episodes in recorded history during 2007-2009, when inflation reached an estimated 89.7 sextillion percent. The original Zimbabwean dollar was abandoned in 2009 in favour of a multi-currency regime dominated by the U.S. dollar, and a new version was reintroduced in 2019 as the RTGS dollar (later renamed the Zimbabwe Gold or ZiG in 2024). The currency remains volatile and subject to significant parallel-market premiums.
Example
“The government launched the Zimbabwe Gold (ZiG) currency backed by precious metals and foreign exchange reserves, seeking to restore confidence after years of domestic currency instability.”