
Hurumende News Hub
June 17, 2025 at 02:51 PM
*RBZ Halts Gold Coin Sales After Clearing Final Stock: Coins Remain Tradable*
The Reserve Bank of Zimbabwe (RBZ) has officially suspended the mop-up sale of gold coins with immediate effect, following the successful clearance of all remaining stock, the central bank announced today.
*Follow Our Channel:*
https://whatsapp.com/channel/0029VaX77yH5fM5bBLKuyp1O
RBZ Governor Dr. John Mushayavanhu said the exercise was part of a final effort to offload the last batch of gold coins and was not a resumption of new minting, which had already been halted in April 2024.
“The Reserve Bank of Zimbabwe wishes to advise the transacting public that the mop-up sale of gold coins has been suspended, with immediate effect, following the successful completion of the exercise,” said Dr Mushayavanhu in a statement.
He clarified that the latest round of sales included coins that had been redeemed by previous holders and was not part of a new issuance.
“Future gold coin sales will only be undertaken upon accumulation of a sizeable quantity from redemptions,” he added.
Despite the suspension of sales, Dr. Mushayavanhu confirmed that gold coins already in circulation remain fully tradable and redeemable.
He reaffirmed the bank’s commitment to monetary stability, stating: “The Reserve Bank of Zimbabwe would like to take this opportunity to reaffirm its commitment to continuously avail alternative financial market instruments to promote savings, as well as achieve its monetary policy objectives.”
The suspension comes after months of strategic use of gold coins as a monetary policy tool aimed at curbing inflation and promoting a culture of saving in hard assets.

😮
1