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Kenya’s President Ruto Praises Zimbabwe’s New Gold-Backed Currency

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Sunday, April 28, 2024

Kenya’s President Ruto Praises Zimbabwe’s New Gold-Backed Currency

Kenya’s Ruto Lauds Zimbabwe’s ZiG as Boost to Economic Prospects
A ZiG banknote

In a recent statement at an international trade fair in Bulawayo, Zimbabwe, Kenyan President William Ruto commended Zimbabwe’s innovative approach to economic revitalization through its new gold-backed currency, the ZiG.


Speaking on Saturday, President Ruto highlighted the strategic use of Zimbabwe's abundant mineral wealth to support the local currency, marking a significant step toward economic recovery.


The introduction of the ZiG is seen as a testament to Zimbabwe's commitment to overcoming economic challenges and stabilizing its financial system. The Central Bank of Zimbabwe is scheduled to release the new ZiG banknotes starting April 30, a move that has sparked interest and optimism among regional leaders and economic observers.



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