{"id":64333,"date":"2022-08-12T19:02:55","date_gmt":"2022-08-12T17:02:55","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-says-it-has-sold-gold-coins-worth-zw3-7-billion-90-in-zimbabwe-dollars"},"modified":"2022-08-12T21:13:07","modified_gmt":"2022-08-12T19:13:07","slug":"rbz-says-it-has-sold-gold-coins-worth-zw3-7-billion-90-in-zimbabwe-dollars","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/rbz-says-it-has-sold-gold-coins-worth-zw3-7-billion-90-in-zimbabwe-dollars","title":{"rendered":"RBZ Says It Has Sold Gold Coins Worth ZW$3.7 Billion, 90% In Zimbabwe Dollars"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya has reported that gold coins\u2019 sales have as of Thursday 11 August 2022 reached ZW$3.7 billion with 90% of sales being made in the local currency.<\/p>\n

In a statement the Mid-Term Monetary Policy Statement (MPS) seen by Pindula News, the central bank\u2019s chief said:<\/p>\n

As at 10 August 2022, 4475 gold coins had been sold realising ZW$3.7 billion of which 90% was paid in local currency and the balance in foreign currency, and evenly distributed throughout the agents.<\/p>\n

The high demand for the gold coins will assist in mopping up liquidity from the market and thus strengthen the demand and enhance the value of the local currency. The Bank shall continue to release additional gold coins into the market on an ongoing basis in line with demand.<\/p>\n

The apex bank introduced the Mosi-oa-Tunya gold coins on the 25th of July in an effort to stabilise the economy by easing demand for US dollars and storing the value of money after the Zimbabwe dollar lost more than two-thirds of its value against the USD this year.<\/p>\n

In the first week, RBZ sold 1 500 gold coins during the first week of their release into the market.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya has reported that gold coins\u2019 sales have as of Thursday 11 August 2022 reached ZW$3.7 billion with 90% of sales being made in the local currency. In a statement the Mid-Term Monetary Policy Statement (MPS) seen by Pindula News, the central bank\u2019s chief […]<\/p>\n","protected":false},"author":84,"featured_media":64332,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[11018,1493,2189,10984,19],"class_list":{"0":"post-64333","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-2022-mid-term-monetary-policy-statement","12":"tag-africa-press","13":"tag-africa-press-zimbabwe-2","14":"tag-rbz-mosi-oa-tunya-gold-coin","15":"tag-zimbabwe"},"yoast_head":"\nRBZ Says It Has Sold Gold Coins Worth ZW$3.7 Billion, 90% In Zimbabwe Dollars - zimbabwe<\/title>\n<meta name=\"description\" content=\"The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya has reported that gold coins\u2019 sales have as of Thursday 11 Au ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-says-it-has-sold-gold-coins-worth-zw3-7-billion-90-in-zimbabwe-dollars\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBZ Says It Has Sold Gold Coins Worth ZW$3.7 Billion, 90% In Zimbabwe Dollars\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya has reported that gold coins\u2019 sales have as of Thursday 11 Au ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-says-it-has-sold-gold-coins-worth-zw3-7-billion-90-in-zimbabwe-dollars\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-12T17:02:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-12T19:13:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_14-62f6a62a93ad5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-says-it-has-sold-gold-coins-worth-zw3-7-billion-90-in-zimbabwe-dollars\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-says-it-has-sold-gold-coins-worth-zw3-7-billion-90-in-zimbabwe-dollars\",\"name\":\"RBZ Says It Has Sold Gold Coins Worth ZW$3.7 Billion, 90% In Zimbabwe Dollars - 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