THE Zimbabwe National Chamber of Commerce (ZNCC) says the lower denomination gold coins introduced by the Reserve Bank of Zimbabwe (RBZ) this week will offer a better store of value for the public than US dollars.
This comes after the first batch of gold coins released in July were deemed too pricey for the majority of the population.
ZNCC economist Jephias Makiwa told The Financial Gazette this week that the price of the new lot of coins would make them accessible to a wider market.
“After the introduction of the larger denomination coins in July, there was a public outcry that they were not affordable for the majority of Zimbabweans so the RBZ responded by saying it would introduce smaller denomination coins in November, which is this
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