Obsolete: | yes |
Image 1: | File:ZimbabweUSD1.jpg |
Image Width 1: | 150px |
Image Title 1: | Zimbabwe 1-dollar bond coin |
Iso Code: | none |
Subunit Name 1: | cent |
Symbol: | $ |
Used Banknotes: | $2, $5 |
Used Coins: | 1¢, 5¢, 10¢, 25¢, 50¢, $1, $2 |
Banknote Article: | Banknotes of Zimbabwe |
Using Countries: | Zimbabwe |
Issuing Authority: | Reserve Bank of Zimbabwe |
Pegged By: | U.S. Dollar |
Inflation Source Date: | > |
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.
See main article: Zimbabwean bond 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.
See main article: Zimbabwean bond 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]