Zimbabwe Sells Out Of New Gold Coins Introduced To Curb Inflation

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The Reserve Bank of Zimbabwe introduced new gold coin to help individuals and corporations protect their wealth from the country’s hyperinflation problem. Recently, the central bank created 1,500 one troy ounce 22-carat gold coins, dubbed ‘Mosi-Oa-Tunya.’ Each gold coin has a serial number and can be obtained using the Zimbabwe dollar, US dollars, or other foreign currencies. Q2 2022 hedge fund letters, conferences and more Fidelity Gold Refineries (Private) Limited minted the new gold coins and made them available to the public through traditional banking institutions all over the country. Th…

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