Zimbabwe’s new currency, the ZiG, strengthened a day after its debut, the central bank said.
The currency gained 0.2% to 13.53 per US dollar, according to data published on the Reserve Bank of Zimbabwe’s website on Tuesday.
The ZiG, short for Zimbabwe Gold, was introduced on Monday, Zimbabwe’s sixth attempt to resuscitate the local currency. Its predecessor, the Zimbabwe dollar, lost value every single trading day of this year before being abandoned April 5.
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