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3232Gold Coins Help Zimbabwe Achieve ‘Price and Exchange Rate Stability’ — Central Bank
https://www.digit.info/gold-coins-help-zimbabwe-achieve-price-and-exchange-rate-stability-central-bank/
Fri, 10 Feb 2023 05:30:16 +0000https://www.digit.info/2023/02/10/gold-coins-help-zimbabwe-achieve-price-and-exchange-rate-stability-central-bank/Read more]]>The Reserve Bank of Zimbabwe recently revealed that some 25,188 of its value-preserving gold coins were sold between July 2022 and Jan. 13. According to the central bank governor, John Mangudya, the gold coins “have proved to be an effective open market instrument for mopping up excess liquidity in the economy.” Gold Coins as Alternative […]
]]>Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value
https://www.digit.info/zimbabwe-to-hike-benchmark-rate-to-200-central-bank-minted-gold-coins-to-act-as-store-of-value/
Tue, 28 Jun 2022 08:30:07 +0000https://www.digit.info/2022/06/28/zimbabwe-to-hike-benchmark-rate-to-200-central-bank-minted-gold-coins-to-act-as-store-of-value/Read more]]>After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum. In addition, the central bank said it will introduce gold coins which will act as an instrument that will “enable investors to store value.” Discouraging Speculative Borrowing Monetary […]
The Reserve Bank of Zimbabwe recently revealed that some 25,188 of its value-preserving gold coins were sold between July 2022 and Jan. 13. According to the central bank governor, John Mangudya, the gold coins “have proved to be an effective open market instrument for mopping up excess liquidity in the economy.” Gold Coins as Alternative […]
After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum. In addition, the central bank said it will introduce gold coins which will act as an instrument that will “enable investors to store value.” Discouraging Speculative Borrowing Monetary […]