{"status":"success","status_code":200,"message":"Data Successful.","results":{"id":21302,"date":"2022-07-27T13:30:51","date_gmt":"2022-07-27T09:30:51","guid":{"rendered":"https:\/\/english.lematinal.media\/?p=21302"},"modified":"2022-07-27T13:30:51","modified_gmt":"2022-07-27T09:30:51","slug":"zimbabwe-launches-gold-coins-to-beat-soaring-inflation","status":"publish","type":"post","link":"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/","title":{"rendered":"Zimbabwe Launches Gold Coins To Beat Soaring Inflation"},"content":{"rendered":"

In a bid to curb an inflation rise that has hurt the country\u2019s unstable currency, Zimbabwe has launched gold coins to be sold to the public.<\/p>\n

The country\u2019s central bank – Reserve Bank of Zimbabwe, which disbursed 2,000 coins to commercial banks, announced the move on Monday.<\/p>\n

Called Mosi-oa-Tunya, which in the local Tonga language refers to Victoria Falls, the coins \u201cwill have liquid asset status\u201d, meaning they \u201cwill be capable of being easily converted to cash and will be tradable locally and internationally\u201d, the central bank said in its announcement, adding the coins \u201cmay also be used for transactional purposes\u201d.<\/p>\n

The coins will only be able to be traded for cash 180 days after purchase. Individuals or companies will be able to buy them from authorised outlets such as banks and keep them at a bank or take them home, according to the announcement. Foreigners will only be able buy the coins in foreign currency.<\/p>\n

The first batch was minted outside the country but eventually they will be produced locally, said John Mangudya, the governor of the Reserve Bank of Zimbabwe.<\/p>\n

He added the 22-carat coins can be used for purchases in shops, depending on whether the shop has enough change, as well as security for loans and credit facilities.<\/p>\n

Their price will be determined by the international market rate for an ounce of gold, plus five percent for the cost of producing the coin. At the time of the launch on Monday, the cost of one Mosi oa Tunya was $1,824, according to media outlet Al Jazeera.<\/p>\n","protected":false},"excerpt":{"rendered":"

In a bid to curb an inflation rise that has hurt the country\u2019s unstable currency, Zimbabwe has launched gold coins to be sold to the public. The country\u2019s central bank – Reserve Bank of Zimbabwe, which disbursed 2,000 coins to commercial banks, announced the move on Monday. Called Mosi-oa-Tunya, which in the local Tonga language […]<\/p>\n","protected":false},"author":10,"featured_media":21303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[157],"tags":[3440,8955,8956,8958,8957,3486],"class_list":{"0":"post-21302","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world","8":"tag-gold","9":"tag-john-mangudya","10":"tag-mosi-oa-tunya","11":"tag-reserve-bank-of-zimbabwe","12":"tag-victoria-falls","13":"tag-zimbabwe"},"acf":[],"yoast_head":"\nZimbabwe Launches Gold Coins To Beat Soaring Inflation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zimbabwe Launches Gold Coins To Beat Soaring Inflation\" \/>\n<meta property=\"og:description\" content=\"In a bid to curb an inflation rise that has hurt the country\u2019s unstable currency, Zimbabwe has launched gold coins to be sold to the public. The country\u2019s central bank – Reserve Bank of Zimbabwe, which disbursed 2,000 coins to commercial banks, announced the move on Monday. Called Mosi-oa-Tunya, which in the local Tonga language […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/\" \/>\n<meta property=\"og:site_name\" content=\"Le Matinal\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-27T09:30:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/english.lematinal.media\/wp-content\/uploads\/2022\/07\/Zimbabwe.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rohan Ramesh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rohan Ramesh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/\",\"url\":\"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/\",\"name\":\"Zimbabwe Launches Gold Coins To Beat Soaring Inflation\",\"isPartOf\":{\"@id\":\"https:\/\/english.lematinal.media\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/english.lematinal.media\/wp-content\/uploads\/2022\/07\/Zimbabwe.jpg?fit=1000%2C700&ssl=1\",\"datePublished\":\"2022-07-27T09:30:51+00:00\",\"dateModified\":\"2022-07-27T09:30:51+00:00\",\"author\":{\"@id\":\"https:\/\/english.lematinal.media\/#\/schema\/person\/61142ae0b096d5e174a01e436a467678\"},\"breadcrumb\":{\"@id\":\"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/english.lematinal.media\/wp-content\/uploads\/2022\/07\/Zimbabwe.jpg?fit=1000%2C700&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/english.lematinal.media\/wp-content\/uploads\/2022\/07\/Zimbabwe.jpg?fit=1000%2C700&ssl=1\",\"width\":1000,\"height\":700,\"caption\":\"Picture Courtesy: AFP\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/english.lematinal.media\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Zimbabwe Launches Gold Coins To Beat Soaring Inflation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/english.lematinal.media\/#website\",\"url\":\"https:\/\/english.lematinal.media\/\",\"name\":\"Le Matinal\",\"description\":\"Mauritius' Digital English News Channel\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/english.lematinal.media\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/english.lematinal.media\/#\/schema\/person\/61142ae0b096d5e174a01e436a467678\",\"name\":\"Rohan Ramesh\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/english.lematinal.media\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8a90641673cac75aef08db191ae59fc6?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8a90641673cac75aef08db191ae59fc6?s=96&d=mm&r=g\",\"caption\":\"Rohan Ramesh\"},\"url\":\"https:\/\/english.lematinal.media\/author\/rohan\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Zimbabwe Launches Gold Coins To Beat Soaring Inflation","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/","og_locale":"en_US","og_type":"article","og_title":"Zimbabwe Launches Gold Coins To Beat Soaring Inflation","og_description":"In a bid to curb an inflation rise that has hurt the country\u2019s unstable currency, Zimbabwe has launched gold coins to be sold to the public. The country\u2019s central bank – Reserve Bank of Zimbabwe, which disbursed 2,000 coins to commercial banks, announced the move on Monday. Called Mosi-oa-Tunya, which in the local Tonga language […]","og_url":"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/","og_site_name":"Le Matinal","article_published_time":"2022-07-27T09:30:51+00:00","og_image":[{"width":1000,"height":700,"url":"https:\/\/english.lematinal.media\/wp-content\/uploads\/2022\/07\/Zimbabwe.jpg","type":"image\/jpeg"}],"author":"Rohan Ramesh","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Rohan Ramesh","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/","url":"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/","name":"Zimbabwe Launches Gold Coins To Beat Soaring Inflation","isPartOf":{"@id":"https:\/\/english.lematinal.media\/#website"},"primaryImageOfPage":{"@id":"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/#primaryimage"},"image":{"@id":"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/english.lematinal.media\/wp-content\/uploads\/2022\/07\/Zimbabwe.jpg?fit=1000%2C700&ssl=1","datePublished":"2022-07-27T09:30:51+00:00","dateModified":"2022-07-27T09:30:51+00:00","author":{"@id":"https:\/\/english.lematinal.media\/#\/schema\/person\/61142ae0b096d5e174a01e436a467678"},"breadcrumb":{"@id":"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/#primaryimage","url":"https:\/\/i0.wp.com\/english.lematinal.media\/wp-content\/uploads\/2022\/07\/Zimbabwe.jpg?fit=1000%2C700&ssl=1","contentUrl":"https:\/\/i0.wp.com\/english.lematinal.media\/wp-content\/uploads\/2022\/07\/Zimbabwe.jpg?fit=1000%2C700&ssl=1","width":1000,"height":700,"caption":"Picture Courtesy: AFP"},{"@type":"BreadcrumbList","@id":"https:\/\/english.lematinal.media\/zimbabwe-launches-gold-coins-to-beat-soaring-inflation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/english.lematinal.media\/"},{"@type":"ListItem","position":2,"name":"Zimbabwe Launches Gold Coins To Beat Soaring Inflation"}]},{"@type":"WebSite","@id":"https:\/\/english.lematinal.media\/#website","url":"https:\/\/english.lematinal.media\/","name":"Le Matinal","description":"Mauritius' Digital English News Channel","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/english.lematinal.media\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/english.lematinal.media\/#\/schema\/person\/61142ae0b096d5e174a01e436a467678","name":"Rohan Ramesh","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/english.lematinal.media\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8a90641673cac75aef08db191ae59fc6?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8a90641673cac75aef08db191ae59fc6?s=96&d=mm&r=g","caption":"Rohan Ramesh"},"url":"https:\/\/english.lematinal.media\/author\/rohan\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/english.lematinal.media\/wp-content\/uploads\/2022\/07\/Zimbabwe.jpg?fit=1000%2C700&ssl=1","_links":{"self":[{"href":"https:\/\/english.lematinal.media\/wp-json\/wp\/v2\/posts\/21302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.lematinal.media\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.lematinal.media\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.lematinal.media\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/english.lematinal.media\/wp-json\/wp\/v2\/comments?post=21302"}],"version-history":[{"count":0,"href":"https:\/\/english.lematinal.media\/wp-json\/wp\/v2\/posts\/21302\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.lematinal.media\/wp-json\/wp\/v2\/media\/21303"}],"wp:attachment":[{"href":"https:\/\/english.lematinal.media\/wp-json\/wp\/v2\/media?parent=21302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.lematinal.media\/wp-json\/wp\/v2\/categories?post=21302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.lematinal.media\/wp-json\/wp\/v2\/tags?post=21302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}}