Can gold coins really rescue Zimbabwe’s economy?

Can gold coins really rescue Zimbabwe’s economy?

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Episode
512 of 1142
Længde
15M
Sprog
Engelsk
Format
Kategori
Fakta

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.


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