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RBZ suspends mop-up gold coin sales

The Reserve Bank of Zimbabwe (RBZ) has announced the immediate suspension of its mop-up sale of gold coins following the successful conclusion of the clearance exercise.In a statement issued by RBZ Governor Dr. John Mushayavanhu, the centr…

Published: 17 Jun 2025 at 11:16hrs | 570 | by Staff reporter

Consider paying Zimbabwe civil servants in gold coins'

Government has been urged to explore the feasibility of paying a portion of civil servants' salaries in gold-backed digital tokens and gold coins.The tokens have proven to be effective in mopping up excess liquidity from the market while a…

Published: 12 Jul 2023 at 08:15hrs | 4 | by Staff reporter

Zimbabwe starts disbursement of 4 500 small gold coins

THE Reserve Bank of Zimbabwe (RBZ) will tomorrow start disbursing 4 500 smaller units of Zimbabwe's Mosi-oa-Tunya gold coins to banks ahead of planned release of the bullion coins in the market on Tuesday next week.RBZ Governor Dr John Man…

Published: 10 Nov 2022 at 04:54hrs | 9 | by Staff reporter

'Gold coins safer than Zimdollar'

THE resilience of gold as a store of value pushed the Reserve Bank of Zimbabwe (RBZ) to introduce gold coins last month, a central bank official said yesterday.Azvinandava Saburi, director of financial markets at the RBZ, told legislators …

Published: 17 Aug 2022 at 06:40hrs | 4 | by Staff reporter

Huge appetite for Zimbabwe gold coins

ZIMBABWE'S central bank has registered an overwhelming uptake of the Mosi-oa-Tunya gold coin after local financial institutions, pension funds, insurance companies and individuals bought the bulk of the 2 000 coins, amid concern that the n…

Published: 31 Jul 2022 at 17:51hrs | 5 | by Staff reporter

Police caution politicians over hate speech ahead of 2023 polls

The Zimbabwe Republic Police (ZRP) has cautioned politicians against using inflammatory language or hate speech that incite violence and polarize the country ahead of the 2023 elections, The Standard can report.The remarks were made by pol…

Published: 03 Jul 2022 at 09:29hrs | 9 | by Staff reporter

Gold coins: Broadening and cementing economic confusion

THE Reserve Bank of Zimbabwe really loves to lie to the people and then start believing its own lies.This thing of gold coins to preserve value does not make any economic logic and I will say why.First, Zimbabwe is already using its gold t…

Published: 01 Jul 2022 at 07:24hrs | 5 | by Brian Sedze

Zimbabwe a country with no coins, US$1 is more useful than US$100

ADRIANA Siwela, a 25-year-old college student in Harare, thought she could dash into a shop for a quick purchase of a US$2 packet of biscuits. But the cashiers sent her away. Her US$20 bill is considered "big money" in Zimbabwe these days …

Published: 23 Feb 2022 at 05:49hrs | 21 | by Staff reporter

Zimbabwe coins and notes required

ZIMBABWE COINS AND NOTES REQUIRED.All coins are from R5,000 going up. Inbox for more clarity if u have 1...Currency may take time to determine authenticity and accuracy. Especially the notes. Do not attempt to clean any coin because this m…

Published: 08 Feb 2015 at 20:36hrs | 50 | by Mochaa Elegant

Bond coins or not there is just no going back

February 2015 will mark six years since Zimbabwe adopted the multi-currency monetary system, commonly referred to as dollarization. The move was in response to the chaotic hyperinflationary period that had defined the Zimbabwean economic e…

Published: 05 Jan 2015 at 10:45hrs | 6 | by Perry Munzwembiri

Zimbabwe coins document inflation

Zimbabwe set a dubious world record for highest currency denomination when, in 2009, it issued bank notes in the astronomical value of 100 trillion Zimbabwe dollars. By the time this Reserve Bank of Zimbabwe note was being released, local …

Published: 21 Jun 2011 at 18:18hrs | 7 | by Richard Giedroyc

US govt agrees to supply coins to Zimbabwe: Analysis

As if Zimbabwe hasn't had enough economic problems in the past decade now they have chosen to hitch themselves to the US Dollar. In the past this would have been no big deal as the US Dollar is the World Reserve Currency, but this is not t…

Published: 08 Mar 2011 at 13:43hrs | 1094 | by Beforeitsnews

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