Episode details

World Service,13 Feb 2023,15 mins

Can gold coins really rescue Zimbabwe’s economy?

Africa Daily

Available for over a year

Zimbabwe’s central bank introduced a policy last year to sell gold coins in a bid to stabilise the country’s economy and combat inflation. They were meant to be an alternative to dollars as a way of safeguarding people‘s wealth – even when the local currency was losing its value. But with the top tier coin worth $2,000 and the smallest currently valued at $188 – they’re not something the average Zimbabwean can afford. So are these coins all they’re cracked up to be? Africa Daily’s Mpho Lakaje finds out more.

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