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.
Mosi-oa-Tunya is the Lozi 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 percent.[2]
Currencies in circulation: Zimbabwe Gold, US dollar, South African rand, Euro and Botswana pula Former currency: Zimbabwean dollar (now defunct due to inflation) | |
Economic history | |
Industry and business |
|
Trade and infrastructure |
|
Taxation |
|
Finance and banking |
|
Economic-related topics | |
Development | |
Currencies of Africa | |
---|---|
North | |
Central | |
East | |
South | |
West |