Gold coins minting to bolster ZiG

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RBZ Rserve Bank of Zimbabwe

THE resumption of minting and subsequent issuance of gold coins into the market after a 10-month hiatus is expected to bolster the ZiG’s stability, experts say.

The Reserve Bank of Zimbabwe recently resumed the issuance of the Mosi-Oa-Tunya gold coins into the market.

In an interview with The Financial Gazette, monetary policy committee member Persistence Gwanyanya said the resumption was a strategic move to offer an attractive and profitable instrument while controlling liquidity in the market.

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