HARARE, July 24 — Zimbabwe will next week introduce a gold coin aimed at battling a resurgence in inflation and easing the public's thirst for US dollars.
The government says the innovation aims at shoring up the economy at a time of galloping inflation and depreciation of the Zimbabwean dollar. The number of coins that will be minted has not been disclosed. Zimbabwe is a major source of gold, and they will be made from locally mined ore. Economist Gift Mugano dismissed the idea of introducing a gold coin today, when more and more currencies were virtual.
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