Reserve Bank of Zimbabwe (“RBZ”) Suspension of Sale of Gold Coins Press Statement Summary

press statement

 

  • RBZ wishes to advise the transacting public that the mop-up sale of gold coins has been suspended with immediate effect.
  • RBZ clarified that the sale was to clear remaining stock.
  • Minting of new notes was suspended in April 2024.
  • The Reserve Bank advised that future gold coin sales will be undertaken upon accumulation of a sizable quantity from redemptions.
  • Gold coins in the market remain tradeable and redeemable .

Reserve Bank also reaffirmed its commitment to continuously avail alternative financial market instruments to promote savings, as well as achieving monetary policy objectives.

 

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