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The Reserve Bank of Zimbabwe (RBZ) has the through its Monetary Policy Committee (MPC), given an update on the production and distribution of the Mosi Oa Tunya Gold Coin.
“As at 26 August 2022, a cumulative total of 10 000 gold coins had been minted and out of which 8 076 gold coins had been distributed to the Bank’s agents for sale,” the MPC said.
“A total of 6 799 gold coins had been sold as at 26 August 2022, with 75% having been bought by corporates and 25% by individuals.
“Ninety five per cent (95%) of the gold coins sold were purchased in local currency and the balance in foreign currency,” it concluded.
The coin has seen the stabilisation of the Zimbabwe dollar in the recent weeks as local currency has been diverted more to purchasing it than the US dollar.
The video below shows what you need to know about Zimbabwe’s Mosi-Oa-Tunya Gold Coin
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