Demographics | |
---|---|
User(s) | Zimbabwe |
Issuance | |
Central bank | Reserve Bank of Zimbabwe |
Valuation | |
Value | international market rate for an ounce of gold plus 5% |
The Mosi-oa-Tunya ( English: The Smoke Which Thunders) is a gold coin introduced in Zimbabwe in 2022 in the context of rising inflation.
The Mosi-oa-Tunya is the Tongan name for Victoria Falls and translates into the English language as The Smoke Which Thunders. [1] [2]
The coins weigh one troy ounce and are made of 22 carat gold. [2] [3] They were minted outside of Zimbabwe. [4]
Each coin has a unique serial number. [5]
The Reserve Bank of Zimbabwe distributed 2,000 Mosi-oa-Tunya to commercial banks on 25 June 2022. They can be used for normal retail purposes. [2] The coins were introduced in the context of instability with existing local currency and Zimbabweans' tendency to use the U.S. dollar. [4]
The coins are worth the international market rate for a troy ounce of gold, plus five per cent. [2]
Demographics | |
---|---|
User(s) | Zimbabwe |
Issuance | |
Central bank | Reserve Bank of Zimbabwe |
Valuation | |
Value | international market rate for an ounce of gold plus 5% |
The Mosi-oa-Tunya ( English: The Smoke Which Thunders) is a gold coin introduced in Zimbabwe in 2022 in the context of rising inflation.
The Mosi-oa-Tunya is the Tongan name for Victoria Falls and translates into the English language as The Smoke Which Thunders. [1] [2]
The coins weigh one troy ounce and are made of 22 carat gold. [2] [3] They were minted outside of Zimbabwe. [4]
Each coin has a unique serial number. [5]
The Reserve Bank of Zimbabwe distributed 2,000 Mosi-oa-Tunya to commercial banks on 25 June 2022. They can be used for normal retail purposes. [2] The coins were introduced in the context of instability with existing local currency and Zimbabweans' tendency to use the U.S. dollar. [4]
The coins are worth the international market rate for a troy ounce of gold, plus five per cent. [2]