View source for Zimbabwean bonds

{{Infobox currency
| obsolete_notice = 1
| image_1 = File:ZimbabweUSD1.jpg
| image_width_1 = 150px
| image_title_1 = Zimbabwe 1-dollar bond coin
| iso_code = 
| iso_number = 
| subunit_name_1 = [[cent (currency)|cent]]
| symbol = [[Dollar sign|$]]
| used_banknotes = $2, $5
| used_coins = 1¢, 5¢, 10¢, 25¢, 50¢, $1
| subunit_ratio_1 = 1/100
| banknote_article = Banknotes of Zimbabwe
| using_countries = {{flag|Zimbabwe}}
| issuing_authority = [[Reserve Bank of Zimbabwe]]
| inflation_rate = 
| pegged_by = {{Flagicon|US}} [[United States dollar|U.S. Dollar]]
| inflation_source_date = >
}}
'''Zimbabwean Bonds''' are a form of [[legal tender]] [[near money]] released by the [[Reserve Bank of Zimbabwe]] which attempts to resolve [[Zimbabwe]]'s lack of currency. Bonds are 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  in Zimbabwe|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 [[African Export–Import Bank|Afreximbank]] (the African Export–Import Bank).<ref>{{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}}</ref> Pegged against the U.S. dollar coins were denominated at 1, 5, 10, and 25 [[Cent (currency)|cents]] and later followed by a 50-cent coin in 2015.<ref>{{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}}</ref> A [[bi-metallic coin|bi-metallic]] one-dollar bond coin was released on 28 November 2016.<ref>{{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}}</ref>

==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.<ref>{{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|access-date=1 May 2017}}</ref> Two months later US$15 million worth of new $5 bond notes were also released.<ref>{{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|access-date=1 May 2017}}</ref> Further plans for $10 and $20 bond notes were ruled out by the central bank's governor, John Mangudya.<ref>{{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}}</ref>

==References==

{{Reflist|30em}}

{{Economy of Zimbabwe}}
[[Category:Currencies of Zimbabwe]]
[[Category:Economy of Zimbabwe]]