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Can gold coins really rescue Zimbabwe’s economy?
Podcast |
Africa Daily
Publisher |
BBC
Media Type |
audio
Podknife tags |
Africa
News & Politics
Categories Via RSS |
News
Publication Date |
Feb 06, 2023
Episode Duration |
00:15:23

Zimbabwe’s central bank introduced a policy last year to sell gold coins in a bid to stabilise the country’s economy and combat inflation.

They were meant to be an alternative to dollars as a way of safeguarding people‘s wealth – even when the local currency was losing its value.

But with the top tier coin worth $2,000 and the smallest currently valued at $188 – they’re not something the average Zimbabwean can afford.

So are these coins all they’re cracked up to be?

Africa Daily’s Mpho Lakaje finds out more.

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