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Zimbabwe Braces For New Gold Coin As Hedge Against Inflation

New Gold Coins Will Have The Option Of Placing The Asset In The Safety Of A Bank Vault By AFP Zimbabwe will this week introduce a gold coin aimed at battling a resurgence in inflation and easing the public's thirst for US dollars. The 22-carat coins, each weighing one Troy ounce (31.1 grammes) and individually numbered, have been named Mosi-oa-Tunya ("the smoke that thunders") after the country's world-famous Victoria Falls. They will be sold through banks from Monday at the prevailing international price for gold.

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