Can gold coins really rescue Zimbabwe’s economy?
The authorities in Zimbabwe say they are fighting inflation by issuing gold coins
Africa Daily · BBC World Service
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Show Notes
Zimbabwe’s central bank introduced a policy last year to sell gold coins in a bid to stabilise the country’s economy and combat inflation.
They were meant to be an alternative to dollars as a way of safeguarding people‘s wealth – even when the local currency was losing its value.
But with the top tier coin worth $2,000 and the smallest currently valued at $188 – they’re not something the average Zimbabwean can afford.
So are these coins all they’re cracked up to be?
Africa Daily’s Mpho Lakaje finds out more.