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Zimbabwe Central Bank Releases 2,000 Gold Coins Worth ZWL$800,000 Each

Zimbabwe gold coin worth US$1,823.80 on Monday, July 25, 2022

The Reserve Bank of Zimbabwe (RBZ) today released 2,000 gold coins into the market with indications that more coins will be accessed by the public in batches.

Addressing journalists in Harare today, RBZ Governor John Mangudya said, “This is the first batch of 2,000 of Mosi-Oa-Tunya demand. Local agents commenced selling the gold coins on an agent basis at the initial price of 1,823.80 per gold coin or in ZWL$805,745.35 using the willing-buyer-willing-seller rate selling rate as at Friday.

Mangudya said the coins can also be purchased in various currencies, including the South African rand, Botswana pula, British pound, Australia dollar and Euro.

“the bank shall publish from tomorrow the 26th of July, 2022, the Mosi-Oa-Tunya gold coin price by 8:00am on a daily basis, which shall be based on the previous day London Bullion Market Association pm fix, it means afternoon, plus 5% costs to cover the cost of production …”

More details to follow …

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