3-mob.com 
Remember back in the dark ages when we introduced bearer’s cheques to wish a problem away? yes, those days. We now have bond coins.
Yes, the Reserve Bank of Zimbabwe has introduced 1c, 5c 10c and 25c bond coins as currency to help with transactions that need small change.
These special new coins are indexed at par with the US currency, meaning that the 5c bond coin is equivalent to 5c bond coin. This is on the back of a $50 million bond facility floated by the RBZ.
It is not a first in the world so don’t get too weird, Ecuador, another country which uses the US dollar as its currency has bond coins called centavos that it uses for change.
Great idea in principle because it makes it easier to transact. Essentially we will be able to buy things without too much worry and having to get that packet of biscuits we don’t really care about.
The RBZ should move quickly to make sure people don’t start thinking that we will now have bond notes opening the way for the dreaded Zimbabwe dollar to come back.
The market is skeptic.
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