Zimbabwe has devalued its gold-backed currency, the Zimbabwe Gold (ZiG), selling it to banks at a rate 44% lower than the prevailing dollar exchange rate. Zimbabwe devalued its gold-backed currency, ZiG, selling it to banks at a rate 44% lower than the dollar exchange rate.ZiG is the sixth attempt in 15 years to create a stable local currency, meant to replace the plummeting Zimbabwean dollar.Analysts caution that stability for the new currency depends on addressing current account and fiscal pressures.Zimbabwe has devalued its gold-backed currency, the Zimbabwe Gold (ZiG), selling it to banks…