The Reserve Bank of Zimbabwe governor John Mangudya has announced gold coins trading framework ahead of introduction this week
The Bank will publish the Mosi-oa-Tunya gold coin price by 0800 hours daily, which shall be based on the previous day’s London Bullion Market Association (LBMA) PM Fix plus the cost of producing the coin.
Agents shall sell the Mosi-oa-Tunya gold coins in both ZWL and US$ and other tradable/denominated foreign currencies at the willing-buyer willing-seller exchange rate.
Denominated currencies for the purpose of buying gold coins will include the £,€, Aussie$, Pula and Rand.
