Q. Recently, which country has been introduced a new gold-backed currency ‘ZiG’?
Answer:
Zimbabwe
Notes: Zimbabwe's ZiG, a new gold-backed currency, saw a 0.2% strengthening to 13.53 per US dollar following its debut. Despite this, its introduction caused nationwide disruption as banks, retailers, and utilities struggled to adapt. Governor John Mushayavanhu announced an exchange rate of 13.56 per dollar during the unveiling last Friday. The Reserve Bank of Zimbabwe's website published this data, highlighting the country's ongoing efforts to establish a stable local currency.