The Reserve Bank of Zimbabwe (ZRB) has launched a new currency, Zimbabwe Gold (ZiG), which has performed well in the foreign exchange market but is facing difficulties in the country. The ZRB has taken new measures to crack down on black market trading and, through its X account, called on the public to report illegal traders and businesses that refuse to accept ZiG. ZiG has gained 1.9% against the US dollar since it was launched in physical form. On May 15, the police arrested 224 illegal foreign exchange traders and the RBZ Financial Intelligence Unit (FIU) froze 90 bank accounts and monitored banking activities to detect illegal transactions. The crackdown has seen a significant reduction in the number of illegal money changers in Harare CBD and surrounding areas. However, the issue of coin shortage is still plaguing the central bank and the RBZ plans to increase the supply of small change. Zimbabwe's Homelink Financial Services will offer ZiG debit card withdrawals in seven cities from June 10, with other Financial Institutions Groups to join in the future. ZiG is Zimbabwe's sixth currency in 15 years and is backed by gold and foreign exchange, but its launch has received mixed reactions from the public.