RBZ RESTARTS GOLD COINS MINTING

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RBZ Rserve Bank of Zimbabwe

THE Reserve Bank of Zimbabwe (RBZ) is again issuing gold coins it scrapped 10 months ago, a step it took to ramp up the bullion stockpile used to back up the local currency, the ZiG. Minting of the so-called “Mosi-Oa-Tunya” 22-carat coins, named after the iconic Victoria Falls, was scrapped in July, central bank Governor John Mushayavanhu said at the time. The coins are now available again through the nation’s lenders at a “time of attractiveness” of bullion, according to Persistence Gwanyanya, a central bank monetary policy committee member.

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