86,044 views Jul 25, 2022 Zimbabwe has come up with a novel idea to tackle inflation.
The central bank has launched gold coins to be sold to the public.
The first batch of 2,000 coins was minted abroad, but eventually they will be produced locally.
Al Jazeera's Haru Mutasa reports from Harare, Zimbabwe.
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#News #Zimbabwe #Inflation #CentralBank #Gold #GoldCoin #Harare #Economy #EconomyCrisisShow less
The central bank has launched gold coins to be sold to the public.
The first batch of 2,000 coins was minted abroad, but eventually they will be produced locally.
Al Jazeera's Haru Mutasa reports from Harare, Zimbabwe.
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
@AljazeeraEnglish
#Aljazeeraenglish
#News #Zimbabwe #Inflation #CentralBank #Gold #GoldCoin #Harare #Economy #EconomyCrisisShow less
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Francisco Gimeno - BC Analyst Launching a special country gold coin to be used as an asset refuge is a good thing, to protect those who can afford it from inflation and other economic problems. Of course, like in South Africa with their Kruger Rands, only few, the rich and the investors, can afford it. Most of the population, not only for a developing country but also even in developed ones, can't afford to have it. However, investors are the ones feeding the economy and creating jobs so even this is better than nothing. Zimbabwe is doing better than before when due to mismanagement, corruption and International sanctions went from being a rich African country to an economic basket case. In the way to recovery, anything trying to improve the economy is good. Zimbabweans are a brave people.