20 ZiG

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.