Mosi-oa-Tunya (coin)
Zimbabwean currency, introduced in 2022
From Wikipedia, the free encyclopedia
The Mosi-oa-Tunya (English: The Smoke Which Thunders) is a gold coin introduced in Zimbabwe in 2022 in the context of rising inflation.[1]
| Demographics | |
|---|---|
| User(s) |  Zimbabwe |
| Issuance | |
| Central bank | Reserve Bank of Zimbabwe |
| Valuation | |
| Value | international market rate for an ounce of gold plus 5% |
Background
Mosi-oa-Tunya is the Lozi name for Victoria Falls and translates into the English language as The Smoke Which Thunders.[2][3] The coins weigh one troy ounce and are made of 22 carat gold.[3][4] They were minted outside of Zimbabwe.[5] Each coin has a unique serial number.[6]
The Reserve Bank of Zimbabwe distributed 2,000 Mosi-oa-Tunya to commercial banks on 25 June 2022. They can be used for normal retail purposes.[3] The coins were introduced in the context of instability with existing local currency and Zimbabweans' tendency to use the U.S. dollar.[5] The coins are worth the international market rate for a troy ounce of gold, plus five percent.[3]
.svg){kind=small}
