The Reserve Bank of Zimbabwe (RBZ) has announced the immediate suspension of its gold coin sales, marking the end of a mop-up exercise aimed at clearing the remaining stock. In a statement released by RBZ Governor Dr. John Mushayavanhu, the central bank emphasized that this was not a new minting initiative but rather a clearance of existing inventory, including coins that had been returned by previous holders.
The gold coin initiative had initially been suspended in April 2024, and this latest sale was part of a final effort to offload remaining coins still in possession of the RBZ. The bank clarified that going forward, any future sales will only occur after a significant number of coins are collected through redemptions.
Despite the suspension of new sales, the RBZ confirmed that gold coins already in circulation remain both tradable and redeemable. The central bank reassured investors and the public that it remains committed to introducing alternative financial instruments that encourage savings and support the country’s broader monetary policy goals.
This move signals a continued effort by the RBZ to manage liquidity and offer stable investment options in an evolving economic environment.
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