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20 ZiG
| Issuer | Reserve Bank of Zimbabwe |
|---|---|
| Year | 2024 |
| Type | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ZiG20 RESERVE BANK OF ZIMBABWE ZiG20 I promise to pay the bearer on demand 20 for the Reserve Bank of Zimbabwe Harare 2024 |
| Reverse description | Central vignette of a stack of twelve gold bars with liquid gold being poured and moulded atop them, rendered in intaglio-style green ink against a pink and peach guilloche underprint. The Zimbabwe Bird star device appears in the upper right corner, with the denomination numeral 20 in large bold green digits at the lower right. |
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| Comments |
The ZiG — short for Zimbabwe Gold — was introduced in April 2024 as Zimbabwe's sixth attempt at a stable currency since the hyperinflationary collapse of the original dollar in 2008. Unlike its predecessors, it was formally backed by a combination of gold reserves and foreign currency held by the Reserve Bank, a structural guarantee the RTGS dollar and Zimbabwe dollar series conspicuously lacked. Whether the backing holds in practice remains, as of issue, an open question.
The Pick W111 designation places this in the new ZiG banknote series that replaced the Zimbabwe dollar at a rate of 2,498.7249 ZWL to 1 ZiG. A modestly specified security package for a currency whose credibility depends entirely on institutional discipline rather than printing technology.