Zimbabwe goes for the gold — coin, that is — to fight high inflation. The new one-ounce coin goes on sale as public confidence in the country’s currency plummets. July 25, 2022. 5 min.

Zimbabwe’s central bank has resumed issuing gold coins, a program it halted nearly a year ago, in an effort to bolster the bullion reserves backing the newly introduced local currency, the ZiG ...

Zimbabwe debuts gold coins as legal tender to stem inflation. Hyperinflation in 2008 reached 5 billion percent. Posted July 26, 2022. FARAI MUTSAKA Associated Press. 4 min read . Font size + ...

Zimbabwe debuts gold coins as legal tender to curb inflation but it may be out of reach for the average citizen. Topic: Economy. Mon 25 Jul 2022 Monday 25 July 2022 Mon 25 Jul 2022 at 1:54pm.

“The issue of gold coins to us teachers in Zimbabwe, is something we can dream of,” Kayumba said. “It means a teacher who is getting a salary of $190 to $200 would need nine to 10 months to ...

Zimbabwe has launched gold coins to be sold to the public, in a bid to curb an inflation spike that has eroded the country’s unstable currency.. The move was announced on Monday by the country ...

According to News Central, Zimbabwe’s gold output jumped 86.3% in the first five months of 2022 to 13,171,58kg compared to 7,068,85kg in the corresponding period last year.

Zimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that has further eroded the country’s unstable currency. Skip to main content.

HARARE, Zimbabwe (AP) — Zimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that has further eroded the country’s unstable currency. The unprecedented ...