Zimbabwe’s Brief Experiment with Gold Coins Made Minimal Economic Waves
In an attempt to tackle the surging global gold prices, the Reserve Bank reintroduced gold coins to the market back in April. However, many economists argue that this fleeting venture hardly made a ripple in the broader economic landscape. The sale of these coins, drawn from stored reserves, came to an abrupt halt in mid-June, marking another chapter in Zimbabwe's ongoing struggle with currency-related chaos, writes Gamuchirai Masiyiwa for the Global Press Journal.
According to John Mushayavanhu, the Governor of the Reserve…