Displaying items by tag: New Gold Coins

The southern African nation's 15 million people are faced with shortages, inflation and other economic woes, conjuring memories of economic chaos under Robert Mugabe's near four-decade rule of hyper-inflation. Zimbabwe will start selling gold coins from July 25th in a bid to tackle runaway inflation which has hamstrung the local currency. Gold "Mosi-oa-tunya" coins - named after Victoria Falls - will contain 31 grams of gold and can be converted into cash and traded both locally and internationally. Gold coins are used by investors globally to hedge against inflation and wars.