News / National
Zimbabwe's gold coins selling at above $2,000 each
16 Jan 2023 at 14:09hrs |
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Zimbabwe's gold coins introduced in July are selling above $2,000 for the first time.
The so-called "Mosi-oa-Tunya" gold coin, named after Victoria Falls, a key tourism site which straddles the border between Zimbabwe and Zambia, were priced at $2,002.51 for a one-ounce coin on Monday, according to data on the Reserve Bank of Zimbabwe's website.
The central bank introduced the gold coins to halt a collapse of the Zimbabwean dollar and to help ease demand for US dollars.
Smaller units were brought into circulation in November.
The so-called "Mosi-oa-Tunya" gold coin, named after Victoria Falls, a key tourism site which straddles the border between Zimbabwe and Zambia, were priced at $2,002.51 for a one-ounce coin on Monday, according to data on the Reserve Bank of Zimbabwe's website.
The central bank introduced the gold coins to halt a collapse of the Zimbabwean dollar and to help ease demand for US dollars.
Smaller units were brought into circulation in November.
Source - Bloomberg
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