The Reserve Bank of Zimbabwe (RBZ) has announced the immediate suspension of its gold coin sales following the completion of a successful mop-up exercise.
Governor Dr. John Mushayavanhu clarified that this final sale was conducted to clear remaining inventory, not to introduce new coins, as minting had been halted since April 2024.
The latest sales included coins redeemed by holders, marking the conclusion of the RBZ’s disposal of existing stock.
Investors were assured that gold coins already in circulation remain tradable and redeemable.
Future sales will resume only once a significant quantity accumulates from redemptions.
The central bank reiterated its dedication to providing alternative savings instruments to support monetary policy goals.
This move aligns with efforts to stabilise the financial market and promote investment options amid economic challenges.
Share Your Comments