Zimbabwe debuts gold coins to fight inflation as local currency tumbles
The Reserve Bank of Zimbabwe (RBZ) announced that it will begin selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency. The announcement comes after the country’s banking regulators raised a key interest rate to 200%, the highest in the world. Inflation in the … Read moreZimbabwe debuts gold coins to fight inflation as local currency tumbles