Zimbabwe to introduce gold coins as local currency tumbles

Summary by Ground News

Central bank governor John Mangudya announced the move on Monday. It comes as the country's 15 million people struggle with shortages and soaring inflation. Annual inflation hit almost 192% in June, casting a shadow over President Emmerson Mnangagwa's bid to revitalise the economy.

1 month ago·Harare, Zimbabwe

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BBC News

Zimbabwe to mint gold coins to tackle rising prices

The south-east African country's annual inflation rate stood at more than 190% in June.

1 month ago·United Kingdom

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Reuters

Zimbabwe to introduce gold coins as local currency tumbles

Zimbabwe's central bank said it would start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency.

1 month ago·United Kingdom

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The Guardian

Zimbabwe to introduce gold coins as local currency tumbles

Soaring inflation piling pressure on country already struggling with shortages and stirring memories of Mugabe chaosZimbabwe’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 f…

1 month ago·London, United Kingdom

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Sydney Morning Herald

Zimbabwe introduces gold coins as local currency tumbles

Zimbabwe’s central bank said it would start selling gold coins this month to help tame runaway inflation.

1 month ago·Sydney, Australia

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News24

Zim to introduce gold coins as local currency tumbles

Zimbabwe's central bank said it would start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency.

1 month ago·South Africa

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