The Reserve Bank of Zimbabwe (RBZ) has announced the immediate suspension of the mop-up sale of gold coins, citing the successful completion of the exercise.
In a press statement issued by RBZ Governor Dr. John Mushayavanhu, the central bank clarified that the sales were intended to clear remaining stock from earlier distributions and not to introduce newly minted coins. The most recent sales also included gold coins that had been redeemed by holders.
The RBZ further stated that future gold coin sales will only resume once a significant volume of coins has been accumulated through redemptions. However, it reassured investors that gold coins already in the market remain both tradeable and redeemable.
The Bank also reaffirmed its commitment to providing alternative financial instruments aimed at promoting savings and achieving monetary policy goals.
