Banknotes News/Zimbabwe/2024
2024-04-05

10 ZiG (Zimbabwe Gold)

Zimbabwe · Reserve Bank of Zimbabwe
Zimbabwe 10 ZiG (Zimbabwe Gold)

The Reserve Bank of Zimbabwe introduced the 10 ZiG note on April 5, 2024, as part of the initial launch of the gold-backed ZiG currency system replacing the hyperinflated Zimbabwean dollar. This dark blue and red banknote measures 155 x 65 mm and bears the signature of Dr. John Mushayavanhu. The obverse displays the iconic Chiremba balancing rocks located in Epworth, representing Zimbabwe's natural heritage and geological significance. A QR code on the obverse provides instant verification of authenticity when scanned.

The reverse side depicts molten gold pouring into an ingot mold atop stacked gold bars, symbolizing Zimbabwe's mineral wealth and the currency's gold-backing mechanism. Both sides feature the Zimbabwe Bird as a registration device. Security features include a green-to-blue windowed security thread with demetalized RBZZIG inscription and a Zimbabwe Bird watermark.

The ZiG (Zimbabwe Gold) was backed by Reserve Bank reserves consisting of USD 100 million in cash and 2,522 kilograms of gold valued at approximately USD 185 million. The 10 ZiG was one of only two denominations that actually entered circulation initially; higher denominations (50, 100, 200 ZiG) were postponed to prevent inflationary pressures during the currency's critical adoption phase.

Highlights
ReasonInitial denomination of the Reserve Bank of Zimbabwe's new gold-backed currency system launched April 5, 2024 to replace the Zimbabwean dollar.
DesignObverse: Chiremba balancing rocks in Epworth, Zimbabwe Bird registration device, QR code for authentication. Reverse: Molten gold poured into ingot mold, stacked gold bars, Zimbabwe Bird registration device.
Security featuresGreen-to-blue windowed security thread with RBZZIG demetalization, Zimbabwe Bird watermark, QR code with plaintext verification string.
Sources
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