RBZ dismisses missing gold coins claims

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By Zimbabwe Investor on April 2, 2013. No Comments

RBZ says all gold is accounted for

RBZ says all gold is accounted for

HARARE (Zimbabwe Investor) – The Reserve Bank of Zimbabwe (RBZ) board Tuesday shot down claims that there is some missing gold amounting to 403.5 grams in the form of “gold coins.”

Addressing journalists in the capital at RBZ offices this afternoon on behalf of the board of directors, Deputy Governor Kupukile Mlambo said the accusations are being paddled by former staff.

Mlambo said “There have been, over the last 12 months, misleading and inaccurate reports suggesting that there is some missing gold amounting to 403.5 grams in the form of ‘gold coins’.

“Some of those false accusations have been made by a former staff member who has been sued for criminal defamation and the matter remains sub judice because the wheels of justice are still to turn. Other faceless personalities have since joined the fray on social networks denigrating the Governor, Dr. Gideon Gono, and accusing him of misappropriating the gold coins.

“These accusations are false and the gold is there as the Bank’s internal and external audit reports confirm,” reads the part of the statement. Mlambo said the board is satisfied that the Bank’s assets, including gold coins, are under safe custody and stewardship.

“The latest of these reports and physical count confirmations relate to the Bank’s Financial Statements for the year ended 31 December, 2011 which were confirmed by the Board of the Reserve Bank on 25 March, 2013,” Mlambo said.

Ernest and Young an auditing firm which audited RBZ also acknowledged the existence of the coins.

“We have performed (audit) procedures in respect of gold coins on hand for the Reserve Bank of Zimbabwe as of 25th of March 2013. The audit performed were developed to assist us in confirming the existence of gold coins.” confirmed Ernest and Young in a statement.


Reserve Bank Governor Gideon Gono

The RBZ Governor Gideon Gono said people should not abuse the Minister of State Security Sydney Sekeramayi by accusing him of having said that gold coins are missing at RBZ.

“I am told that some of the gold that we have dates back to 1969. l have not seen where it has been reported that the honorable minister (Sekeramay) has said that. I know he wouldn’t say that because that would be far from facts,” Gono said.

The RBZ showed journalists and other delegates the 529 pieces of gold coins that they have.