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“Although there is debate surrounding the exact statistics that the Zimbabwean informal economy accounts for, what is certain is that the informal economy is over 60%,” Zimcodd said.
The gold tokens are going onto the market today.
Youth engagement on public debt should, therefore, be deliberate and extensive to fully comply with the provisions of the country’s supreme law.
The national debt is currently estimated to be close to US$20 billion which includes resource-backed loans with China and the African Import Export Bank, multilateral partners and domestic lenders.
The gold coins, weighing one troy ounce with a purity of 22 carats, sold at US$1,823.83 at launch last year, and the price has been gradually rising since then.