Loading...
Market
Widespread Adoption of the ZiG by Mid-2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Surveys from Zimbabwean market analysts or reports from financial news agencies
Story
Zimbabwe Shifts to Gold-Backed Currency, Enforces Official Exchange Rate
May 10, 2024, 08:25 AM
Zimbabwe has announced a significant shift in its monetary policy by converting its annual budget to a new gold-backed currency, the ZiG, which was introduced in April. The government is also implementing regulations to enforce the use of the ZiG, mandating that all goods and services within the economy be priced using the official exchange rate. Additionally, measures are being put in place to penalize individuals and businesses that do not adhere to the official exchange rate, with fines for those using inflated rates.
View original story
Similar markets
Very successful • 25%
Somewhat successful • 25%
Neutral • 25%
Unsuccessful • 25%
Above 75% • 25%
50% to 75% • 25%
25% to 50% • 25%
Below 25% • 25%
Top performer • 25%
Above average • 25%
Below average • 25%
Worst performer • 25%
ZiG appreciates against the US dollar • 50%
ZiG depreciates against the US dollar • 50%
Less than 5% • 25%
5% to 10% • 25%
10% to 15% • 25%
More than 15% • 25%
Positive • 33%
Neutral • 34%
Negative • 33%
None • 25%
1-5 companies • 25%
6-10 companies • 25%
More than 10 companies • 25%
Highly effective • 25%
Moderately effective • 25%
Ineffective • 25%
Counterproductive • 25%