But in late September, authorities slashed the value of the new gold-backed currency by more than 40 percent. The ZiG is only ...

In a bold move challenging the federal monetary system, Texas legislators are advancing groundbreaking bills that would establish a state-backed digital currency fully redeemable in gold and ...

the power to “coin” specie money (i.e., money backed by gold or silver), the power to borrow money through the issuance of interest-bearing “notes,” and the issuance of “Bills of Credit.” ...

Fiat currencies are issued and regulated by a country's central bank but are not backed by a commodity like gold. Fiat currency is a type of money that is created by a government and is not backed ...

The central bank hopes the ZiG, which is backed by a basket of reserves comprising foreign currency and precious metals – mainly gold – would help stabilise the struggling economy. But some ...

The idea of a common currency for the BRICS nations that's backed by gold "makes no sense whatsoever," said strategist David Woo. The group of major emerging economies have called for ways to end ...

Zimbabwe’s gold-backed currency, which has been battered on foreign exchange markets since its April debut, rose against the dollar for a second day on the back of tighter monetary policy. The ...

The new banknotes come in denominations from 1 to 200 Zimbabwe has introduced a new gold-backed currency called ZiG - the name stands for "Zimbabwe Gold". It is the latest attempt to stabilise an ...

Zimbabwe has introduced a new gold-backed currency called ZiG - the name stands for "Zimbabwe Gold". It is the latest attempt to stabilise an economy that has lurched from crisis to crisis for the ...