The Mosi-oa-Tunya (
English: ''The Smoke Which Thunders'') is a gold coin introduced in
Zimbabwe
file:Zimbabwe, relief map.jpg, upright=1.22, Zimbabwe, relief map
Zimbabwe, officially the Republic of Zimbabwe, is a landlocked country in Southeast Africa, between the Zambezi and Limpopo Rivers, bordered by South Africa to the south, Bots ...
in 2022 in the context of rising inflation.
Nomenclature and characteristics
''Mosi-oa-Tunya'' is the
Lozi name for
Victoria Falls
Victoria Falls (Lozi language, Lozi: ''Mosi-oa-Tunya'', "Thundering Smoke/Smoke that Rises"; Tonga language (Zambia and Zimbabwe), Tonga: ''Shungu Namutitima'', "Boiling Water") is a waterfall on the Zambezi River, located on the border betwe ...
and translates into the English language as ''The Smoke Which Thunders''.
The coins weigh one
troy ounce
Troy weight is a system of units of mass that originated in the Kingdom of England in the 15th century and is primarily used in the precious metals industry. The troy weight units are the grain, the pennyweight (24 grains), the troy ounce (20 p ...
and are made of 22 carat gold.
They were minted outside of Zimbabwe.
Each coin has a unique serial number.
Use
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.
The coins were introduced in the context of instability with existing local currency and Zimbabweans' tendency to use the U.S. dollar.
Value
The coins are worth the international market rate for a troy ounce of gold, plus five percent.
See also
*
Economy of Zimbabwe
The economy of Zimbabwe is a gold standard based economy. Zimbabwe has a $44 billion dollar informal economy in PPP terms which translates to 64.1% of the total economy. Agriculture and mining largely contribute to exports. The economy is estima ...
*
Zimbabwean bond notes
*
Zimbabwean bond coins
*
Zimbabwe Gold
The Zimbabwe Gold (ZiG; code: ZWG) is the official currency of Zimbabwe since 8 April 2024, backed by US$629 million worth of hard assets: foreign currencies, gold, and other precious metals. It replaced the Zimbabwean dollar, which suffered fro ...
*
Mosi-oa-Tunya National Park
*
Zimbabwean dollar
The Zimbabwean dollar (sign: $, or Z$ to distinguish it from other dollar-denominated currencies) was the name of four official currencies of Zimbabwe from 1980 to 12 April 2009. During this time, it was subject to periods of extreme inflat ...
*
Krugerrand
The Krugerrand (; ) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint. The name is a compound of '' Paul Kruger'', the former President of the South ...
*
Dedollarisation
References
External links
Reserve Bank of Zimbabwe Website
{{Authority control
Currencies of Africa
Currencies of Zimbabwe
Currencies introduced in 2022
Gold bullion coins
Circulating currencies