Samsung Mobile Phones

Samsung Mobile Phones

Samsung mobile phones

Open
HomeBusiness

High Demand For Gold Coins A Positive Development - Mangudya

2 years agoSat, 19 Nov 2022 10:53:43 GMT
Share on FacebookShare on TwitterShare on LinkedIn
High Demand For Gold Coins A Positive Development - Mangudya

The Reserve Bank of Zimbabwe (RBZ) says nearly 500 out of the 4 000 small gold coins it introduced on 15 November 2022 have been purchased so far in their first week.

The central bank introduced gold coins, known as the Mosi-a-Tunya gold coins, to be used as a store of value by both individuals and companies.

This has resulted in the reduction of the excessive money supply since their introduction, according to RBZ governor John Panonetsa Mangudya as quoted by ZBC News. He said:

The high demand for gold coins is a positive move to the country’s fight against high inflation and going forward we are maintaining the status quo, there will be no excess liquidity that caused exchange rate instability like in the past.

In his Mid-Term Monetary Policy Statement released on Thursday, 11 August 2022, central bank governor John Mangudya said:

Click here: Pindula WhatsApp Channel
wa.me/channel/0029Vb4GVea90x2nCSDImS1b

 

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 smaller units of a tenth ounce, quarter ounce and half an ounce for sale with effect from mid-November 2022.

The features, characteristics and the sale terms and conditions shall remain the same as the current trading arrangements of the gold coins in circulation.

Tags

13 Comments

Anonymous · 2 years ago
Living no one and no place behind
juru · 2 years ago
I'm sorry olive my wife. Very sorry that I disturbed you having **** with your brother's best friend. Please forgive me olive my wife
Big Boy · 2 years ago
@juru uchatibhohwa😠
Anonymous · 2 years ago
When giants fall, they usually land on the ground tomorrow. Expect thunderstorms.
Mohammed Zaka ali · 2 years ago
This strategy is extremely bad Will worsen the situation
Putin · 2 years ago
Rate richasimuka haro baba rakangoclampewa temporarily , mirauone soon after next yr .
Big Boy · 2 years ago
@Putin unondinzwisa tsitsi, ungataure zvekudonha kwerate uchivhairira kudaro manje rate rikakwira ndiwe uchakuvara. MaZimbabweans musanakidzwe nekukwira kwerate kunge kuri positive. Musazvipe nhamo mega
Big Boy · 2 years ago
Zvimwe ndezvimwe rate vamboribata vakuru, raane 4 months ringori pa700. This is wonderful👏👏
Zulu · 2 years ago
No Olivia akatondzva dzevamwe hachatobatiki kamunhu kakamupinduridza mhando yese , saka juru pakaipa shamwari .
patriot · 2 years ago
Yaa makagona evidence is there on the ground.
Million$povo · 2 years ago
Gold washing powder 4ED
Olivia · 2 years ago
Siyananeni juru ,musoro bhangu
Faith · 2 years ago
Im sorry olivia mukadzi wangu
g · 2 years ago
a dark cloud had fall on our fam Juru wife succumbed today at a truckstopp in Plumtree, rip elder u will b sadly missed
fatherrayz.zw · 2 years ago
Qatar World Cup 2022 No kissing in public Miniskirt is prohibited Absolutely No gay signs Absolutely no one night stand See through clothing not allowed Alcohol banned in football stadium What happens in Qatar stays in Qatar
Brightwell Nsingo · 2 years ago
pakaipa wana tsjengu avas kupinda mustadium

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback