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Reuters reported that according to Zimbabwe’s finance minister, the country’s only gold reserves are coins valued at $501,390.
Reuters reported that according to Zimbabwe’s finance minister, the country’s only gold reserves are coins valued at $501,390.
As quoted in the market news:
‘The (central) bank does not hold any gold reserves except for gold coins, which were valued at $501,390 as at the end of January 2014,’ [Finance Minister Patrick Antony] Chinamasa said.
Zimbabwe produced 13 tonnes of gold last year, well below the all-time record of 29 tonnes in 1998.
