Zimbabwe $2 bond note selling for $7.21 on ebay


One post advertises a “full bundle of 100 Zimbabwe 2 dollar bond notes” for $675.

Another is selling five Zimbabwe bond coins, ranging from one to 50 cents, for $11.99.

The bond coins were issued in 2014.

A rather overambitious seller is offering “100 new issue bimetal coins” for $1 100.

While the bond notes punches above its weight on eBay, RBZ is working overtime to maintain the note’s US dollar parity in Zimbabwe.

RBZ has limited circulation and ordered banks not to separate bond and US dollar accounts.

“This measure is essential to ensure that bond notes continue to trade at parity with the US$ and to reflect the fact that bond notes are supported by the US$200 million offshore facility to support the demand for foreign exchange attributable to bond notes,” central bank says in its latest monetary policy, released last week.-The Source


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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.


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