Zimpricecheck.com
June 17, 2025 at 09:50 AM
The RBZ has announced the suspension of the sale of gold coins. The minting of gold coins was halted back in April last year, meaning the RBZ is no longer producing new coins and has sold all it minted. The bank has clarified that gold coins remain tradable, so those who possess them can sell their coins, while potential buyers will need to find existing holders.
The bank will not have any gold coins available for sale unless it redeems a significant number. Gold coins were once promoted as a solution to the challenges facing the ZWL, which was in free fall. However, they failed to stabilize the currency, which continued to decline due to excessive "printing of the ZWL." The production of new gold coins was suspended following the introduction of the ZiG.
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#rbz #goldcoins #zimbabwe #economy

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