Zimbabwe’s central bank announced that it will introduce gold coins into the market as an instrument that will enable investors to store value. The gold coins will be minted by Fidelity Gold Refineries, the sole gold buyer, refiner and exporter of gold in Zimbabwe, and sold to the public through normal banking channels. The country’s inflation rate surged to 191.6% YoY in June and 30.7% MoM in June, far from the government’s inflation target range of 30% by year-end.