Zanu PF MP Urges Govt To Consider Gold Coins As A Substitute For Bond Notes

Chegutu West MP, Dexter Nduna has urged the government to consider introducing gold coins which he said were a more valuable and internationally acceptable currency than bond notes.

NewZimbabwe.com cites reports that Nduna made the remarks while debating the Reserve Bank Amendment Bill in Parliament. Nduna is quoted as saying:

I believe in all honesty that if we bite the bullet as a nation, we can introduce the gold coin because gold is the only tradable commodity that is acceptable globally, that all other jurisdictions are buying and putting in their volts to hedge against their currencies getting weaker day by day.

Zimbabwe has currency issues. Inflation forced the southern African nation to dump its Zimbabwe dollar in 2009 in favour of a multi-currency system.

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