Gold deliveries to Fidelity increase by 55% in 2021

By ZBC Reporter

THE Reserve Bank of Zimbabwe (RBZ) says gold deliveries to Fidelity Printers and Refiners grew by 55 percent last year to over 29 tonnes from 19 tonnes in 2020.

In a statement, RBZ Governor Dr John Mangudya commended large sales and small scale miners for their commitment to increased production.

The central bank governor also hailed the gold incentive schemes as a key element that led to the rise in deliveries during the period under review.

In a related statement, monetary authorities have warned members of the public and the business community involved in currency manipulation, saying they face stiffer penalties in the form of fines, freezing of bank accounts and blacklisting from financial services.