Zimbabwe's new gold-backed currency, Zimbabwe Gold (ZiG), has appreciated 1.9% against the US dollar but faces domestic challenges.

The Zimbabwe Reserve Bank (ZRB) is actively combating illegal foreign exchange trading and urging the public to report offenders.

A significant issue is the lack of small denomination coins, which the ZRB plans to address by increasing availability.

The ZiG, Zimbabwe's sixth currency in 15 years, received mixed public reactions, partly due to its initial launch as a digital token resembling a central bank digital currency.

Despite these challenges, the ZRB continues to promote ZiG, aiming for stability and public trust.