Soaring inflation piling pressure on country already struggling with shortages and stirring memories of Mugabe chaos
Zimbabwe’s central bank will start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency.
The central bank governor, John Mangudya, said in a statement on Monday that the coins would be available for sale from 25 July in local currency, US dollars and other foreign currencies at a price based on the prevailing international price of gold and the cost of production. Continue reading...
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