Zimbabwean bonds
{{short description|Form of legal tender near money}}
{{Infobox currency
| 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
| subunit_ratio_1 = {{frac|1|100}}
| banknote_article = Banknotes of Zimbabwe
| using_countries = {{flag|Zimbabwe}}
| issuing_authority = Reserve Bank of Zimbabwe
| inflation_rate =
| pegged_by = {{Flagicon|US}} 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.
Coins
{{Main|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).{{cite web|last1=Staff Reporter|title=RBZ says bond notes launch Monday|url=http://www.newzimbabwe.com/news-33463RBZ+says+bond+notes+launch+Monday/news.aspx|publisher=New Zimbabwe|access-date=1 May 2017}} 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.{{cite web|title=Zimbabweans suspicious of new 'bond coins'|url=http://www.timeslive.co.za/africa/2014/12/22/zimbabweans-suspicious-of-new-bond-coins|website=Times Live|publisher=Times Media Group|access-date=1 May 2017|location=Johannesburg, South Africa|date=22 December 2014}} A bi-metallic one-dollar bond coin was released on 28 November 2016.{{Cite web|url=http://www.herald.co.zw/bond-notes-finally-out/|title=Bond notes finally out {{!}} The Herald|website=www.herald.co.zw|language=en-US|access-date=1 May 2017}} 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
{{Main|Zimbabwean bond notes}}
In November 2016 backed by a US$200 million Afreximbank loan the Reserve Bank of Zimbabwe began issuing $2 bond notes.{{cite web|url=https://www.cnbc.com/2016/11/28/zimbabwes-issuing-new-bond-notes-to-avoid-a-cash-crunch.html|title=Zimbabwe's issuing new 'bond notes' to avoid a cash crunch|website=CNBC|last1=Crabtree|first1=Justina|date=28 November 2016 |access-date=1 May 2017}} Two months later US$15 million worth of new $5 bond notes were also released.{{cite web|url=http://www.africanews.com/2017/02/03/zimbabwe-introduces-fresh-5-bond-notes-to-ease-cash-crunch//|title=Zimbabwe introduces fresh $5 bond notes to ease cash crunch|website=Africa News|last1=Rahman Alfa Shaban|first1=Abdur|date=3 February 2017 |access-date=1 May 2017}} Further plans for $10 and $20 bond notes were ruled out by the central bank's governor, John Mangudya.{{cite web|url=https://www.dailynews.co.zw/articles/2017/03/05/rbz-rules-out-10-20-bond-notes|title=RBZ rules out $10, $20 bond notes|website=News24|access-date=1 May 2017|archive-date=5 March 2017|archive-url=https://web.archive.org/web/20170305142959/https://www.dailynews.co.zw/articles/2017/03/05/rbz-rules-out-10-20-bond-notes|url-status=dead}}
References
{{Reflist|30em}}
{{Economy of Zimbabwe}}
{{dollar}}
{{Authority control}}