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Zimbabwe's Mosi-oa-Tunya Gold Coins Out Today

Zimbabwe's Mosi-oa-Tunya Gold Coins Out Today

The Reserve Bank of Zimbabwe (RBZ) will release the Mosi-oa-Tunya gold coins onto the market today and will be sold in local currency, US$ and other foreign currencies.

The central bank has announced plans to sell gold coins to tame runaway inflation that has weakened the local currency considerably. 

Their price is based on the prevailing international price of gold plus five per cent to cover the cost of production and distribution of the coin on a payment versus delivery basis.

  1. Gold Coins Redeemable For Cash After 180 Days – RBZ
  2. RBZ Governor Mangudya Speaks On How Gold Coins Can Benefit Ordinary Zimbabweans
  3. WATCH: Key Things You Need To Know About Mosi-oa-Tunya Gold Coins

The apex bank’s chief, John Mangudya, said the gold coins will likely reduce demand for the US dollar as a store of value and stop the depreciation of the local currency.

Speaking in an interview with State media, Mangudya said the gold coins, which are known as Mosi-oa-Tunya, can only be redeemed for cash after 180 days.

Meanwhile, exporters earning less than US$1 million will be allowed to use the surrender portion of their receipts to purchase the coins in foreign currency.

In a recent statement, RBZ said once payment has been received by the selling agent, the buyer of the gold coin shall take physical possession of the gold coin or opt to keep the gold coin through bankers of own choice (custodial services) on terms and conditions of the custodial service provider.

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27 Comments

INTERESTED ONLOOKER 2 weeks ago

The generalty of the population wont afford to buy the gold coins at US$1700 each. Black market will still thrive and inflation will continue.


ndini Uyo 2 weeks ago

that's true

??? 2 weeks ago

They designed that gold coin system for themselves . They don't want to be court unaware sevamwe vakazenge vaine masaga emari Mumba gore Riya. they are smelling something in 2023.


+263 2 weeks ago

that's a good analysis
.

Jah🇿🇼Tsvarie-07 2 weeks ago

Mugabe akati kana nyoka yapinda mumba tisapisa imba 😂 akati titsvage nyoka tiiuraye...


****sGold 2 weeks ago

22k @ 24k


Help 2 weeks ago

Rinotengwa nevangani gold coin iro.Most of us even if we save the whole year we can,t afford to buy that coin.Musati maita gold coin makamborangarirawo here veruzhinji.


263 2 weeks ago

kkkkk

Money Money Money 2 weeks ago

Gold coins have nothing to do with the poor.Garai kumabhero kwenyu kwamunokwana.
Nadatenda

Jim Kunaka 2 weeks ago

Form cooperatives like we have done in the past tiri kuZanu. You buy and give me the coin.I keep it safe for you.

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Sue Mutami 2 weeks ago

I am done with politicians.Huya kuOstrolia ne gold coin rako tiite plan.


Terminator 2 😎 2 weeks ago

🏆🏅🥇 congratulations to Mr Muthuli Ncube a black man with nepotism and a separatist of the century .Varimbo ngavafe vane basa reii tozovaona pama rally ne pakuvhota .Pane cartoon irimubook ye history ine ma class evanhu kkkkkkkkkkk endai munoiona kkkkkkkkkk .


CDE 2 weeks ago

Stratification system aka caste system

EoJ sgolb 2 weeks ago

A loof dna sih yenom si ylisae detrap. 😂 😂


Chaminuka 2 weeks ago

Vazukuru makadiii henyu nevana ? Vazukuru chengetai Mari dzenyu dzine musoro yevachena nzungu haiisiwi muriva mahara vazukuru buti ukariwona raiswa muriva pane choda kudyiwa .


Gwedu 2 weeks ago

It's life as usual, no changes, let's keep gwavhing


Gafa 2 weeks ago

We are in the streets kubank ndokwaMangundya nezvima coin zvake only a psychiatric patient wil buy yo gold coin.Not this time


VYBZ KARTEL 2 weeks ago

I am stepping out of my bank and now heading to my workplace. You may be interested to know that the legendary VYBZ KARTEL is now a proud owner of four (4) Mosi - oa - Tunya Gold coins having purchased the prestigious gold coins earlier today. I encourage all Pindula readers to act wisely like myself......visit your bank today and buy your own precious gold coins. Mosi - oa - Tunya gold coins is the way to go.


Blue 💙 2 weeks ago

👍🙏


RBZ 2 weeks ago

I am actually surprised that readers on this platform are discussing gold coins when most cannot even afford data.
Tanhai dzamunosvikira


Manikiniki 2 weeks ago

Discussing them and buying them are two totally different issues let us discuss and you just shut up if you have nothing to contribute on the topic.

CoinCollector 2 weeks ago

😂 So I can buy a gold coin with a wheelbarrow of useless Zim dollars, wait 180 days then sell it to RBZ and get paid in USD. Nice 👍.


Thanos 2 weeks ago

Ko kungoita ma coin e 1,2,5,10,20,50 ne 100USD zvanga zvisingabude here better still maybe ye 50 and 100USDchete🤔🤔🤔inobatika kuruzvhinji


Chris 2 weeks ago

It's a trap the bank will ask me where i got the funds from to buy the coin .


Pïlãñê 2 weeks ago

better



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