Latest news with #Mosi-Oa-Tunya
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
10-02-2025
- Business
- Bloomberg
Zimbabwe's Gold Coins Sell for Record $3,000 as Bullion Surges
Zimbabwe's gold coins sold above $3,000 for the first time since they were introduced almost three years ago as the price of bullion surged. The 22-carat 'Mosi-Oa-Tunya' gold coins, named after Victoria Falls, a popular tourist destination in southern Africa, were priced at $3,018.38, according to data on the Reserve Bank of Zimbabwe's website Monday. Spot gold rose to a record $2,911.72 an ounce after US President Donald Trump said he plans to impose 25% tariffs on steel and aluminum imports.
