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*85% Of Gold Coins Sold In Zimbabwe Dollars - RBZ* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?dh Reserve Bank of Zimbabwe (RBZ) governor John Panonetsa Mangudya on Monday said 85% of the gold coins that were sold during the first week of their release onto the market were sold in Zim dollars. The RBZ released a total of 2 000 Mosi-oa-Tunya gold coins onto the market on 25 July, with 1 500 gold coins having been sold by yesterday. Said Mangudya: ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- > A total of 1 500 gold coins were sold by the bank’s agents during the first week of their release into the market, with 85% having been bought in local currency, while the balance of 15% was bought in foreign currency. The central bank said the gold coins are aimed at managing inflation and reducing the demand for foreign currency as a store of value but critics describe the scheme as another scam to dupe people of their hard-earned US dollars. The gold coins were sold at an initial price of US$1 823, 80 per coin or $805 745,35 using the willing-buyer willing-seller rate. Mangudya said an additional 2 000 gold coins will be released into the market during the week commencing 1 August 2022. itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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