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Zimbabwe-turns-to-gold-coins-to-ease-us-dollar-demand

Posted: Tue Jul 05, 2022 12:33 pm
by Bottle Rocket - Liam
https://www.bloomberg.com/news/articles ... lar-demand

Courtesy of Choddy, on Telegram.

Zimbabwe’s central bank plans to sell gold coins to the public from July 25 as a store of value to stabilize the nation’s tumbling currency and offer an alternative to the US dollar.

The one-troy-ounce gold coins will be called Mosi oa-Tunya Gold Coin, Governor John Mangudya said. The term means “Smoke that Thunders,” a reference to Victoria Falls, the world’s greatest sheet of falling water, which traverses Zimbabwe and Zambia.

Re: Zimbabwe-turns-to-gold-coins-to-ease-us-dollar-demand

Posted: Tue Jul 05, 2022 12:43 pm
by zoros
That’ll mean 99.9999995% off the population will not be able to partake then!
Z