Gold Coins Help Zimbabwe to lower Inflation

By Swann Collins, investor and consultant in international affairs – AssetsforWealth, March 3, 2023 The Reserve Bank of Zimbabwe recently revealed that some 25,188 of its gold coins were sold between July 2022 and January 13, 2023. According to the central bank governor, John Mangudya, the gold coins “have proved to be an effective open market instrument for mopping up excess liquidity in the economy.” … Continue reading Gold Coins Help Zimbabwe to lower Inflation

How Zimbabwe fights inflation with gold

By Swann Collins, investor and consultant in international affairs – AssetsforWealth, August 23, 2022 Plagued with hyperinflation since 2007, the government of Zimbabwe decided to strengthen the Zimbabwean dollar starting the sale of gold coins on July 25 to strengthen the national currency. Hyperinflation in Zimbabwe began in February 2007. During the height of inflation from 2008 to 2009, it was difficult to measure Zimbabwe’s … Continue reading How Zimbabwe fights inflation with gold