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Al Jazeera
Al Jazeera
Business
Chris Muronzi

Investors excited by Zimbabwe plan to mint gold to curb inflation

Gold Inflation Zimbabwe Zim Mthuli Ncube Al Jazeera United States Emmerson Mnangagwa John Mangudya US Dollar
A shopper displays a five hundred million dollar Zimbabwean bank note June 29, 2008 in Bulawayo, Zimbabwe[File: John Moore/Getty Images)

Harare, Zimbabwe – Zimbabwe is set to introduce gold coins that will enable investors to store value within the country as inflation spirals out of control and the local currency continues to rapidly devalue against major currencies.

The move comes after inflation for June jumped to 191.6% from 132% in May.

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