Last month the Reserve Bank of Zimbabwe (RBZ) chose to introduce gold coins to help it mop up excess liquidity and tackle the inflationary surge.

Last month the Reserve Bank of Zimbabwe (RBZ) chose to introduce gold coins to help it mop up excess liquidity and tackle the inflationary surge.

BY JONATHAN MUNEMO The central bank of Zimbabwe has raised its benchmark rate from 80% to a fresh record of 200%. This increase comes as Russia’s invasion of Ukraine is driving global commodity prices higher, exacerbating inflation in many countries around the world, including Zimbabwe. Zimbabwe’s Finance minister Mthuli Ncube’s thinking is that aggressive tightening of […]

BY JONATHAN MUNEMO The central bank of Zimbabwe has raised its benchmark rate from 80% to a fresh record of 200%. This increase comes as Russia’s invasion of Ukraine is driving global commodity prices higher, exacerbating inflation in many countries around the world, including Zimbabwe. Zimbabwe’s Finance minister Mthuli Ncube’s thinking is that aggressive tightening of […]