Author Topic: Zimbabwe: New 2 dollar coin  (Read 16221 times)

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Offline eurocoin

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Re: Zimbabwe: New 2 dollar coin
« Reply #45 on: November 08, 2019, 07:29:01 AM »
Answer #37 is about releasing the coins into general circulation.

As I wrote above  based on reports in the local media, pieces were circulated amongst the public ahead of their official launch on Monday so the public could familiarize with them. In which format the Reserve Bank did so I do not know.

Offline Pabitra

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Re: Zimbabwe: New 2 dollar coin
« Reply #46 on: November 13, 2019, 12:25:53 PM »
Very well made coin

Offline andyg

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Re: Zimbabwe: New 2 dollar coin
« Reply #47 on: November 13, 2019, 05:35:27 PM »
always willing to trade modern UK coins for modern coins from elsewhere....

Offline chrisild

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Re: Zimbabwe: New 2 dollar coin
« Reply #48 on: November 13, 2019, 10:23:29 PM »
I guess so ... provided you can get them at all. ::)

"The new 2 and 5 Zimbabwe dollar notes and coins were scheduled to start circulating on Monday but failed to appear on time, causing confusion at banks. (People) were issued 150 Zimbabwe dollars ($10) of the new 2-dollar bills and coins. They were told to return on Thursday if they wanted more." Zimbabweans get new banknotes, but angered by withdrawal limits - Reuters

Christian

Offline Big_M

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Re: Zimbabwe: New 2 dollar coin
« Reply #49 on: November 25, 2019, 04:05:44 PM »
They must be really anxious about these cash shortages; see these two PRs from the Reserve Bank of Zimbabwe:

1) PICTURES OF NEW NOTES CIRCULATING ON SOCIAL MEDIA 
PRESS STATEMENT
The Reserve  Bank of Zimbabwe  (“RBZ”) has taken note of pictures  circulating  on social media that show recently introduced 2   dollar  banknotes  in  sealed packs, suggesting that the notes are already being traded on the parallel market.  The Bank has conducted investigations on the matter, and the findings are that the banknotes   in   the circulating   pictures emanated from Ecobank.    Preliminary investigations  by RBZ at Ecobank indicate that an  amount  of ZW$15 000 was withdrawn by one of their customers.     
Ecobank, together  with their customer,  arenow assisting the Zimbabwe  Republic  Police with further  investigations  on this matter. Appropriate disciplinary measures shall be taken against the bank and the customer and anyone else found responsible for such malpractices which bring the RBZ andthe entire banking system into disrepute. Such malpractices cannot and should not be condoned.In the meantime, the Bank would like to advise the public on how banks withdraw cash from the RBZ. The procedure  is such that banks transfer  the equivalent amount of their cash requirements to the RBZ through the RTGS system.  The banks will then collect the cash from the RBZ to their central cash depots from where they distribute to their branch network.

https://www.rbz.co.zw/documents/press/Press-Statement-new-notes.pdf

2) PICTURES OF BIN CONTAINER FULL OF BOND COINS CIRCULATING ON SOCIAL MEDIA
PRESS STATEMENT
Further to our earlier  Press  Statement regarding pictures  of the 2 dollar bank  notes circulating on social media,  it   has also   co me to the   Bank’s  attention   that there  is a picture of a black plastic bin container  full of bond coins also circulating on social media. We would like to advise the public that this case has been investigated by the Bank and it  involves a CBZ Bank customer.  Investigations by RBZ at CBZ indicated that an amount of  ZW$44,180  was  withdrawn  by  one  of  their  customers.    In  this  regard,  CBZ  Bank together with their customer are now assisting the Zimbabwe Republic Police with further investigations. As  advised in   our  earlier  Press  Statement,  appropriate  disciplinary  measures  shall  be taken  against  those  bent  on  damaging  confidence  by  placing  such  pictures  on  social media platforms. Such behaviour causes unnecessary anxiety and despondency within the economy.

https://www.rbz.co.zw/documents/press/Press-Statement-Bond-coin-Pictures.pdf