THE resumption of minting and subsequent issuance of gold coins into the market after a 10-month hiatus is expected to bolster the ZiG’s stability, experts say.The Reserve Bank of Zimbabwe (RBZ) recently resumed the issuance of the Mosi-Oa-Tunya gold coins into the market.In an interview with The Financial Gazette, monetary policy committee member Persistence Gwanyanya…
Gold coins minting to bolster ZiG
For the ZiG to instill public confidence and ensure market stability before 2030, the RBZ should aim for a prudent target where gold reserves cover at least 25 to 30 percent of the ZiG’s total monetary base, as evidenced by international best practices.