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The '''Zimbabwean dollar''' ([[currency sign|sign]]: '''Z$'''; [[ISO 4217|code]]: '''ZWL'''),<ref>{{Cite web |title=Zimbabwe Dollar Spot (New)(ZWL) Spot Rate |publisher=Bloomberg |url=https://www.bloomberg.com/quote/ZWL:CUR |archive-url=https://web.archive.org/web/20210923065817/https://www.bloomberg.com/quote/ZWL:CUR |archive-date=23 September 2021 |url-status=bot: unknown |access-date=2 March 2021 }}</ref> also known as the '''Zimdollar''' or '''Real Time Gross Settlement''' ('''RTGS''') '''dollar''',<ref>{{Cite news|last=Muronzi |first=Chris |date=3 July 2019 |title=Hyperinflation trauma: Zimbabweans' uneasy new dollar |newspaper=Al Jazeera |url=https://www.aljazeera.com/ajimpact/hyperinflation-trauma-zimbabweans-uneasy-dollar-190702223340179.html }}</ref><ref>{{Cite magazine|date=23 May 2019 |title=Zimbabwe struggles to keep its fledgling currency alive |magazine=The Economist |url=https://www.economist.com/finance-and-economics/2019/05/23/zimbabwe-struggles-to-keep-its-fledgling-currency-alive }}</ref> is a soon-to-be-obsolete currency of [[Zimbabwe]]. It was the only official currency in Zimbabwe from June 2019 to March 2020, after which foreign currencies were legalised again.<ref name="Matiashe" />
Due to the sharp depreciation of the Zimdollar, most transactions are being done in hard currencies, such as the [[U.S. dollar]], in Zimbabwe. The currency is being replaced with Zimbabwe Gold (ZiG) since 5 April 2024, a gold-backed currency, which will have an initial exchange rate of 13.56 units per U.S. dollar.<ref>{{Cite news |date=2024-04-05 |title=Zimbabwe launches new gold-backed currency - ZiG |url=https://www.bbc.com/news/world-africa-68736155 |access-date=2024-04-05 |language=en-GB}}</ref><ref>{{Cite web |title=Zimbabwe launches ‘gold-backed’ currency to replace collapsing dollar |url=https://www.ft.com/content/0de75e8f-40c8-4eb7-9d40-282cfd81e3bc |access-date=2024-04-05 |website=www.ft.com}}</ref><ref>{{Cite news |date=2024-04-05 |title=Zimbabwe Replaces Battered Dollar With New Gold-Backed Currency Called ZiG |url=https://www.bloomberg.com/news/articles/2024-04-05/zimbabwe-replaces-battered-dollar-with-unit-linked-to-gold-fx |access-date=2024-04-05 |work=Bloomberg.com |language=en}}</ref>
==History==
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