South Africa has its Krugerrand, the United States has the
American Eagle, Australia has the Australian Kangaroo, Canada has
the Maple Leaf and now, Zimbabwe has joined the ranks of gold coin
production with the Mosi-Oa-Tunya. Weighing in at one troy ounce
with 22 carats purity, this gold coin is the product of a
resolution of Monetary Policy Committee of 24 June 2022. According
to the Reserve Bank of Zimbabwe Governor J. Mangudya, the purpose
of the gold coin is to tackle inflation by stabilising the exchange
rate resulting in a ripple effect, which will see the price system
go down, stabilising the economy.
Currently the cold coin can be purchased from the Reserve Bank
of Zimbabwe or its agents at the value US$1823.80 per gold coin and
can be purchased with multiple currencies. The price of the gold
coin is based on the prevailing price of gold on the international
market.
