The central bank of Zimbabwe announced the issuance of more gold coins within a week

On August 1, local time, Zimbabwe Reserve Bank (central bank) announced that this week it will put another 2,000 "thunder and rain" gold coins to the market to meet the needs of enterprises and individuals.

Zimbabwe began to issue "Thunder Rain Mist" gold coins on July 25, which put 2,000 pieces to the market, and used it as a means of storage. With the continued depreciation of Zimbabwe's country's currency Zimbabwe Yuan, many companies and individual buyers have hurry up to buy. Within a week, 1500 gold coins have been successfully sold.

Mansurdia, president of Zimbabwe Reserve Bank, said on August 1 that in the past week, 85%of gold coins were purchased with Zimbabwe Yuan, and the remaining 15%of gold coins were bought with foreign currencies.

For the launch of gold coins, people's views are mixed. Some observers said that the launch of the gold coin is an elite and rejected low -income groups. These gold coins enter the market at a price of $ 1823.83, which far exceeds the tolerance of many Zimbabwe people. A member of the Monetary Policy Committee of the Zimbabwe Central Bank believes that the central bank can greatly reduce the excess cash in the market by issuing gold coins, reduce demand for the US dollar, and prevent the devaluation of Jinyuan.

(Source: Hexu, the reporter of CCTV News Client)

【Edit: Jinxin】

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