By 
The Head of State and Government and Commander in Chief of the Zimbabwe Defence Forces President Emmerson Mnangagwa has said the Reserve Bank of Zimbabwe Governor Dr John Panonetsa Mangudya will in less than a months time introduce the much awaited smaller denominations of gold coins in order to preserve Value for our Currency simultaneously accelerating savings in the national fiscus.
Speaking through his weekly column, President Mnangagwa said,
“By mid-November this year, the RBZ should be in a position to unveil smaller denominations of gold coins, whose value will range from a tenth, a quarter, to half of an ounce.
“This allows more Zimbabweans to participate, including those in lower-income bands. That way, we buoy our currency, while stimulating national savings.”
Mnangagwa also added that Zimbabweans have a craving for gold coins, hence government will introduce these smaller coins next month.
That Zimbabweans crave to always save has been proven by how they have welcomed the introduction of the Gold Coins which they much more now crave for as well.
The Mosi-oa-Tunya gold coins introduced in July this year by the Reserve Bank of Zimbabwe Governor Dr John Panonetsa Mangudya have mopped up close to $10 billion from the parallel market.
President Mnangagwa said,
“The Reserve Bank of Zimbabwe (RBZ) has sold over 10 000 gold coins for about US$15 million. This means Zimbabweans have an appetite for gold coins and to save. Our target is to release US$30 million worth of coins.”
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