National reserve for precious and high-value minerals

“Our target is releasing US$30 million worth of coins. By mid-November this year, the RBZ should be in a position to unveil smaller denominations of gold coins, whose value will range from a tenth, a quarter, to half of an ounce. This allows more Zimbabweans to participate, including those in lower income bands.”

Following introduction of the Mosioa-Tunya, authorities have witnessed “US dollars, all along stashed, circulating more and more in the formal market,” adding that the coins’ impact has been positive.

“The impact has been positive, including a gradual convergence of different exchange rates in the economy. All these are very auspicious signs towards the stabilisation of our economy.”