World of Coins

Modern coins, pseudo coins and trade tokens of other continents => Sub-Saharan Africa => East Africa => Topic started by: eurocoin on November 27, 2016, 01:45:36 PM

Title: Zimbabwe to issue bimetallic bond coin
Post by: eurocoin on November 27, 2016, 01:45:36 PM
Zimbabwe is going to introduce a 2016-dated bimetallic bond coin with a denomination of 1 dollar. The coin will have a reeded edge. The coin will be issued tomorrow and was minted at the South African Mint. 2 million pieces have been minted.

(https://c4.staticflickr.com/6/5750/31157887091_807f213748_o.jpg)
Title: Re: Zimbabwe to issue bimetallic bond coin
Post by: Jostein on November 27, 2016, 06:51:24 PM
Great!! I was waiting for it some months ago hehehe

Thank you so much for the news eurocoin :D

Here it is my graphic model attached in the WBCN Facebook page:
(https://scontent-amt2-1.xx.fbcdn.net/v/t1.0-9/15241224_1361078007243777_6646128946059819199_n.jpg?oh=759ef7d8315055d982e6f44d79838a4e&oe=593B50C2)
Title: Re: Zimbabwe to issue bimetallic bond coin
Post by: eurocoin on November 28, 2016, 03:45:41 PM
Very nice image Jostein!  The coins that were issued today have a latent image in the large 1 showing the word 'ONE' and 'RBZ'.
Title: Zimbabwe to issue bimetallic bond coin
Post by: Bimat on November 28, 2016, 03:50:20 PM
Black marketing of this bond coin has already started. The rate was ZWD 3 = USD 1 at the beginning, it's now ~ ZWD 50 = USD 1!

Aditya
Title: Re: Zimbabwe to issue bimetallic bond coin
Post by: Jostein on November 28, 2016, 06:37:24 PM
Very nice image Jostein!  The coins that were issued today have a latent image in the large 1 showing the word 'ONE' and 'RBZ' (?).

True! I already changed the design. Thanks :)

Black marketing of this bond coin has already started. The rate was ZWD 3 = USD 1 at the beginning, it's now ~ ZWD 50 = USD 1!

Aditya

 :o :o :o In other countries like East Timor or Ecuador that also minted their own "USD cent coins" this not happen ¿Why?  ???

This have not sense  ::)
Title: Re: Zimbabwe to issue bimetallic bond coin
Post by: Figleaf on November 28, 2016, 09:48:51 PM
:o :o :o In other countries like East Timor or Ecuador that also minted their own "USD cent coins" this not happen ¿Why?  ???

This have not sense  ::)

I can think of three possible reasons:

Least likely: it is already known that issues of bond notes and coins surpass the value of the bonds, so they are not fully covered.
Maybe, maybe not: the story is untrue.
Most likely: people do not trust that the issues of bond notes and coins are or will be equal or less than the value of the bonds: they believe the coins and notes are not now or will not in the future be fully covered.

Peter
Title: Re: Zimbabwe to issue bimetallic bond coin
Post by: Enlil on November 30, 2016, 11:46:23 PM
Peter I would say it is both. Zimbabwe is finding it hard to source revenue and currency in US dollars, hence the issue of these coins and banknotes.
Title: Re: Zimbabwe to issue bimetallic bond coin
Post by: eurocoin on January 16, 2019, 07:55:02 PM
The series of bond coins was designed by Thinus Scheepers of the South African Mint.
Title: Re: Zimbabwe to issue bimetallic bond coin
Post by: Manfred1 on January 25, 2019, 08:36:20 AM
Pictures ...