Gold standard: Zimbabwe debuts gold coins as currency

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Gold standard: Zimbabwe debuts gold coins as currency

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30-07-2022, 11:50 AM

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Gold standard: Zimbabwe debuts gold coins as currency

An honorable member of the Coffee Shop Has Just Posted the Following:

Zimbabwe has rolled out 2 000 gold coins each at the cost of about R30 000.
Reserve Bank governor says the coins are a way of reducing people's preference for the US dollar.
Zimbabwe makes an estimated R20 billion from gold exports.

The Reserve Bank of Zimbabwe (RBZ) has debuted gold coins selling at R30 753.60 and have a local value of ZW$805 745.35 by Monday's prices.

The gold coins are the latest attempt by the RBZ to contain...

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