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Zimbabwe central bank announces gold coin purchase protocol
By Mthandazo Nyoni
NewsDay,Harare, Zimbabwe
Tuesday, July 19, 2022
The Reserve Bank of Zimbabwe has released guidelines for the purchase of the Mosi-oa-Tunya gold coin, set to hit the streets next Monday.
The guidelines will prohibit banks from buying the gold coins for their own portfolios, unless permitted by the central bank.
... Dispatch continues below ...
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In a bid to save the local currency from collapse and also halt soaring inflation, the central bank introduced the gold coins, described by critics as elitist and possibly a looting scheme....
... For the remainder of the report:
https://www.newsday.co.zw/2022/07/rbz-avails-gold-coin-purchase-guidelines/
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