Zimbabwe’s gold coins that are to tackle soaring inflation

Zimbabwe has launched gold coins as part of efforts to control high inflation and a weak national currency. Interest rate has doubled in July alone to 200% with annual rate of inflation rising above 190%. The coin called “Mosi-oa-Tunya” means “The Smoke Which Thunders”. It refers to Victoria Falls, on the border between Zimbabwe and … Continue reading Zimbabwe’s gold coins that are to tackle soaring inflation