AUTHORITIES are hoping that the first batch of 2 000 gold coins that the Reserve Bank of Zimbabwe (RBZ) has rolled out will help to stabilise the under pressure local currency and rising prices of basic goods.
Speaking in Harare yesterday, RBZ governor John Mangudya said the coins — worth US$1 823,80 each or $805 745,35 — would absorb the excess liquidity in the market which was chasing money on the parallel market, fuelling inflation and prices instability.
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