According to information gathered by this publication, the Mosi Oa Tunya gold coin’s buying price is set at US$1,823.80.
Below is the official price for the gold coin as of 25 July 2022:
Currency. Selling Price
USD. 1,828.00
ZAR. 30,753.60
BWP. 23,115.30
AUD. 2,640.51
GBP. 1,523.89
EUR. 1,788.39
ZWL. 805,745.35
The Reserve Bank of Zimbabwe (RBZ) has revealed the official price of the Mosi Oa Tunya gold coin.
The Mosi Oa Tunya gold coin was released on Monday and is being sold in both local and foreign currency.
The price of the gold coin in Zimbabwe will be published on a daily basis at 0800 hours by the central bank. The gold coins shall be sold at the prevailing international price of gold plus 5% to cover the cost of production and distribution of the coin on a Payment vs Delivery basis.
In terms of the actual cost of the Mosi Oa Tunya gold coin in Zimbabwe, the central bank said the price:
….shall be based on the previous day’s London Bullion Market Association (LBMA) PM Fix plus the cost of producing the coin.
The LBMA Gold price is set twice daily at 10:30 and 15:00 in an auction independently operated and administered by ICE Benchmark Administration (IBA). The price is set in US dollars per fine troy ounce. Sterling and Euro prices are available but they are indicative prices for settlement only. IBA also publish the price in a range of other currencies.
If one wants to purchase the Mosi Oa Tunya gold coin using the Zimbabwe dollar they will do so at the prevailing willing-buyer willing-seller exchange rate.
Banks in Zimbabwe are allowed to conduct foreign exchange transactions of up US$1 000 on a willing-buyer willing-seller basis.
Other currencies that can be used to purchase gold coins in Zimbabwe include the British Pound, the Euro, Australian Dollar, Botswana Pula and Rand.
