November 19, 2022 - The Financial Gazette

Gold coins ‘better than US’

Farai Mabeza, Senior Staff WriterNovember 19, 20220416 views

THE Zimbabwe National Chamber of Commerce (ZNCC) says the lower denomination gold coins introduced by the Reserve Bank of Zimbabwe (RBZ) this week will offer a better store of value for the public than US dollars. This comes after the first batch of gold coins released in July were deemed too pricey for the majority…

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Value addition — RBZ urges balanced approach

Farai Mabeza, Senior Staff WriterNovember 19, 20220741 views

THE governor of the Reserve Bank of Zimbabwe, John Mangudya, has warned that if the country holds on to too much raw minerals for value addition, it could lose significant revenue. According to findings from the Zimbabwe National Statistics Agency, major minerals produced in the country, such as nickel concentrates and mattes, are exported in…

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