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Old 30-07-2022, 11:50 AM
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Thumbs up Gold standard: Zimbabwe debuts gold coins as currency

An honorable member of the Coffee Shop Has Just Posted the Following:
  • Zimbabwe has rolled out 2 000 gold coins each at the cost of about R30 000.
  • Reserve Bank governor says the coins are a way of reducing people's preference for the US dollar.
  • Zimbabwe makes an estimated R20 billion from gold exports.
The Reserve Bank of Zimbabwe (RBZ) has debuted gold coins selling at R30 753.60 and have a local value of ZW$805 745.35 by Monday's prices.


The gold coins are the latest attempt by the RBZ to contain...

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