Can gold coins really rescue Zimbabwe’s economy?
The Zimbabwean authorities say they've issued the gold coins to help protect people from inflation. But they're out of the price range of the average citizen.
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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