Browsing: Mosi-oa-Tunya gold coins

  • RBZ Governor Dr. John Mangudya said smaller Zimbabwean gold coins, as small as a tenth of an ounce, are expected to go on sale in November from the central bank so ordinary people can invest in them and store value for their local currency
  • The features, characteristics, and sale terms and conditions shall remain the same as the present trading arrangements
  • Banks have so far sold 4 475 Mosi-oa-Tunya since the launch on July 25, with 90 per cent having been bought in local currency

The Reserve Bank of Zimbabwe (RBZ) has committed to introducing lower denomination gold coins. In his Mid-Term Monetary Policy statement released yesterday, Dr. Mangudya said the RBZ would be releasing smaller gold coins in mid-November to allow more buyers.

“Following the successful launch of the gold coins on July 25 2022 and in response to public demand, the bank shall introduce and release into the …