The central bank governor John Mangudya said in a statement on Monday that the coins will be available for sale from July 25 in local currency, US dollars and other foreign currencies at a price based on the prevailing international price of gold and the cost of production.
The gold coin will contain one troy ounce of gold and will be sold by Fidelity Gold Refinery, Aurex and local banks, it added.Last week, Zimbabwe more than doubled its policy rate to 200% from 80% and outlined plans to make the US dollar legal tender for the next five years to boost confidence.
The coins would be sold in Zimbabwean dollars. Talk about shooting yourself in the foot 🤣
This smells fishy, to line whose pockets, maybe politicians running out of taxpayers money.
😂😂😂😂😂😭😭😭😭😭😭😂😂😂😂😂😂😂😂
At least they have land and chased away all the Europeans. Well done Zimbabwe. You are truly flourishing now.
This is one of the nonsense governments in the whole of Africa. What was a beautiful and promising country the whole world is now like pig sty.