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Zimbabwe discovers its gold money may work; IMF wants it to stop


Zimbabwe’s Gold Coins Sell Above $2,000 Each For The First Time

By Ray Ndlovu and Rene Vollgraaff
Bloomberg News
Monday, January 16, 2023

Zimbabwe’s gold coins introduced in July are selling above $2,000 for the first time.

The “Mosi-oa-Tunya” gold coin, named after Victoria Falls, a key tourism site that straddles the border between Zimbabwe and Zambia, were priced at $2,002.51 for a 1-ounce coin today, according to data on the Reserve Bank of Zimbabwe’s website. 

Spot gold was at $1,914.21 an ounce at 2:45 p.m. in London.

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