The Reserve Bank of Zimbabwe (RBZ) has suspended the mop-up sale of gold coins with immediate effect, marking the official end of the clearance exercise. The central bank announced the decision in a statement issued to the transacting public, confirming the successful completion of the sales initiative.
According to the RBZ, this latest sale was not part of a new minting program but rather a move to clear remaining stock. The bank clarified that the minting of new gold coins had already been suspended in April 2024. The recent sales also included coins that had been redeemed by previous holders.
The gold coins were introduced as part of the RBZ’s broader efforts to offer alternative investment options and to stabilise the local currency. With the suspension of new production, the central bank is now relying on redemptions to build up future sale stock.
In its statement, the RBZ assured the public that gold coins currently in circulation remain tradeable and redeemable. Investors holding the coins can continue to exchange them as normal in line with the established terms.
The bank also reiterated its commitment to providing alternative financial market instruments. These instruments are intended to support national savings and assist the RBZ in achieving its monetary policy objectives.
The RBZ concluded by encouraging the public and investors to stay informed on future updates regarding available investment tools and financial instruments as they become available.
