The Reserve Bank of Zimbabwe today said the coins will weigh one troy ounce with a purity of 22 carats and will have serial numbers.
They will have a liquid asset status and can be used as collateral.
The coins were advocated by the central bank’s monetary policy committee to prop the local currency which is down to $366.27 at the auction rate, $375.4t at the interbank rate and ranges from $460 to $730 on the black market.
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This post was last modified on July 4, 2022 6:34 pm
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