Zimbabwe prepares for a new gold coin as a hedge against inflation

Zimbabwe next week will introduce a gold coin intended to combat a resurgence in inflation and ease the public’s thirst for US dollars. The 22-carat coins, each weighing one troy ounce (31.1 grams) and individually numbered, have been named Mosi-oa-Tunya (‘the smoke that thunders’) in honor of the world-famous Victoria Falls of the country. They … Read more