Zimbabwe Hails Success of Gold Coin Issuance – Lower Denominations Coming

Declaring its July launch of one-ounce gold coins a success, Zimbabwe’s central bank says it will begin issuing and selling coins in smaller gold denominations this fall. ‘Following the successful launch of the gold coins on 25 July 2022 and in response to public demand, the bank shall introduce and release into the market gold coins in units of a tenth ounce, quarter ounce and half an ounce for sale with effect from mid-November 2022,’ Reserve Bank of Zimbabwe governor John Mangudya said this week.”

https://www.zerohedge.com/economics/zimbabwe-hails-success-gold-coin-issuance-lower-denominations-coming

 

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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