Zimbabwean bonds

Zimbabwean bonds
	Zimbabwe 1-dollar bond coin
ISO 4217
Code	none
Unit
Symbol	$‎
Denominations
Subunit
1⁄100	cent
Banknotes	$2, $5
Coins	1¢, 5¢, 10¢, 25¢, 50¢, $1, $2
Demographics
User(s)	Zimbabwe
Issuance
Central bank	Reserve Bank of Zimbabwe
Valuation
Pegged by	U.S. Dollar
	This infobox shows the latest status before this currency was rendered obsolete.

Zimbabwean Bonds were a form of legal tender near money released by the Reserve Bank of Zimbabwe which attempts to resolve Zimbabwe's lack of currency. Bonds and were pegged against the U.S. dollar at a 1:1 fixed exchange rate and backed by the country's reserve. Since abandoning the Zimbabwean dollar in 2009 after it went into hyperinflation the country began using a number of foreign currencies including the U.S. dollar, South African rand, British pound and Chinese yuan as a means of exchange. The inability to print these currencies led to a shortage of money with banks issuing limits on withdrawals.

Coins

On 18 December 2014 the Reserve Bank of Zimbabwe began issuing so-called 'bond coins' which were supported by a US$50 million facility extended to the Reserve Bank of Zimbabwe by Afreximbank (the African Export–Import Bank).^[1] Pegged against the U.S. dollar coins were denominated at 1, 5, 10, and 25 cents and later followed by a 50-cent coin in 2015.^[2] A bi-metallic one-dollar bond coin was released on 28 November 2016.^[3] A bi-metallic two-dollar bond coin was released into circulation in 2018.

in 2024 the Zimbabwe gold was introduced and replaced the Zimbabwe dollar.

Notes

In November 2016 backed by a US$200 million Afreximbank loan the Reserve Bank of Zimbabwe began issuing $2 bond notes.^[4] Two months later US$15 million worth of new $5 bond notes were also released.^[5] Further plans for $10 and $20 bond notes were ruled out by the central bank's governor, John Mangudya.^[6]