Latest news with #JohnMushayavanhu
Bloomberg
27-04-2025
- Business
- Bloomberg
Zimbabwe Restarts Minting of Gold Coins as Bullion Prices Soar to Record
Zimbabwe's central bank is again issuing gold coins it scrapped 10 months ago, a step it took to ramp up the bullion stockpile used to back up the local currency, the ZiG. Minting of the so-called 'Mosi-Oa-Tunya' 22-carat coins, named after the iconic Victoria Falls, was scrapped in July, central bank Governor John Mushayavanhu told Bloomberg in an interview at the time.
Bloomberg
28-02-2025
- Business
- Bloomberg
Zimbabwe Does Not Have a Forex ‘Problem,' Central Bank Boss Says
Zimbabwe has ample dollars to supply demand, according to the head of the central bank, who assured the southern African nation that it does not have a currency 'problem.' 'Yesterday we went into the market as a central bank to sell forex, we went in with about $20 million,' Governor John Mushayavanhu told the state broadcaster ZTN on Friday. 'The banks were only able to buy $15 million. In other words that was the demand that was there in the market.'
