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Zimbabwe restarts minting gold coins as metal's price soars
By Ray Ndlovu
Bloomberg News
Sunday, April 27, 2025
Zimbabwe's central bank 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 "Mosi-Oa-Tunya" 22-carat coins, named after the iconic Victoria Falls, was scrapped in July, central bank Governor John Mushayavanhu told Bloomberg in an interview at the time.
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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. ...
The coins are an "alternative investment option" that can be used to enhance investment portfolios with a "valuable asset," Nedbank said in its client notice. The coins are sold in denominations ranging from one-tenth of an ounce to 1 ounce of gold. ...
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