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Which coutry has launched gold coins named “Mosi-oa-Tunya' to control an inflation spike that has eroded the country’s unstable currency?
A)
Australia
B)
Zimbabwe
C)
Netherlands
D)
New Zealand

Correct Answer :   Zimbabwe


Zimbabwe has launched gold coins named “Mosi-oa-Tunya' to control an inflation spike that has eroded the country’s unstable currency.

* The move was announced  on Monday(25th July 2022) by the Reserve Bank of Zimbabwe (central bank), which has disbursed 2,000 coins to commercial banks.
 
* Coins have been given the status of liquid asset, which can be easily converted into cash.
 
* Coins can be used by Individuals or companies.
 
* They can purchase coins from banks and other authorised outlets..

Source : Aljazeera

Published On : July 30, 2022
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