Monday, November 12, 2007

Currency adoption

Guatemala's new waterproof, polymer-based One Quetzal note is proving popular with eBay collectors, according to El Periódico. I've been using one as a bookmark since it was given to me by Orly.

Nominally worth about 13 cents to the forex trader, they have been selling for as much as $4 on the online auction site.

Their long-term value may depend on whether the government expands the experiment into other denominations.

The 600 or so that come up for sale daily on eBay represent 0.001 of the total in circulation. This is getting close to that statistic that says that every 100th Guatemalan child ends up as an adopted American!

No comments: