Zimbabwe's central bank raises gold sale price

Zimbabwe's central bank has raised the price paid to small scale gold producers by 114 percent following the abolition of the gold floor price support scheme.

Source: Financial Gazette

The Reserve Bank of Zimbabwe has increased the price paid to small-scale gold producers by 114 per cent to 15,000 dollars per gram.

The review follows the abolition of the gold floor price support scheme, which came into effect in 2001 and its subsequent replacement with an export incentive.

Unlike established gold