MANGUDYA : ZIMBAS LOVE GOLD COINS

Zimbabweans love gold coins and are holding onto the value preserving asset after the first maturity in January, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said yesterday. The gold coins were introduced last year to mop excess local currency liquidity, blamed for fuelling the parallel market exchange rate resulting in the sharp depreciation of the local currency. As of July 14, 36