Mosi oa Tunya go into circulation Monday

By Owen Mandovha

All is set for the launch and trading of gold coins by the Reserve Bank of Zimbabwe this Monday in a move that will offer the majority of Zimbabwe savings and investment options.

Reserve Bank of Zimbabwe Public Relations Manager Kumbulani Shirichena said the one ounce 33 grams coins will be sold over the counter at various accredited banks and agents.

“The Reserve Bank of Zimbabwe wishes to inform the public that gold coins will be up for trading this Monday the 25th of July 2022 and they will be accessible at banks, Aurex, international banking and their subsidiaries and Homelink. These will be accessible at the payment of local currencies as well as foreign currency,” Mr Shirichena said.

It is a key intervention that is expected to provide an alternative savings instrument for the majority of Zimbabweans due to limited savings options manipulated by the United States dollar as a store of wealth to the detriment of local currency stability.