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{{short description|Form of legal tender near money}}
{{Infobox currency
{{Infobox currency
| obsolete = yes
| obsolete_notice=1

| image_1 = File:ZimbabweUSD1.jpg
| image_1 = File:ZimbabweUSD1.jpg
| image_width_1 =150px
| image_width_1 = 150px
| image_title_1 =Zimbabwe 1 Dollar Coin
| image_title_1 = Zimbabwe 1-dollar bond coin
| iso_code =
| iso_code = none
| iso_number =
| subunit_name_1 = [[cent (currency)|cent]]
| subunit_name_1 = [[cent (currency)|cent]]
| symbol = [[Dollar sign|$]]
| symbol = [[Dollar sign|$]]
|used_banknotes = $2, $5,
| used_banknotes = $2, $5
|used_coins = 1¢, 5¢, 10¢, 25¢, 50¢, $1
| used_coins = 1¢, 5¢, 10¢, 25¢, 50¢, $1, $2
| subunit_ratio_1 = 1/100
| subunit_ratio_1 = {{frac|1|100}}
| banknote_article = Banknotes of Zimbabwe
| banknote_article = Banknotes of Zimbabwe
| using_countries = {{flag|Zimbabwe}})
| using_countries = {{flag|Zimbabwe}}
| issuing_authority = [[Reserve Bank of Zimbabwe]]
| issuing_authority = [[Reserve Bank of Zimbabwe]]
| inflation_rate =
| inflation_rate =
|pegged_by={{Flagicon|US}} [[U.S. Dollar]]
| pegged_by = {{Flagicon|US}} [[United States dollar|U.S. Dollar]]
| inflation_source_date =>
| inflation_source_date = >
}}
}}
'''Zimbabwean Bonds''' are a form of [[near money]] released by [[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.
'''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 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==
Similar in denomination to the U.S dollar bonds include 1¢, 5¢, 10¢, 50¢ and $1 dollar coins as well as $2 and $5 bond notes.
{{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> A bi-metallic two-dollar bond coin was released into circulation in 2018.


in 2024 the [[Zimbabwe Gold|Zimbabwe gold]] was introduced and replaced the [[Zimbabwean dollar|Zimbabwe dollar]].
==History==
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.

⚫
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 [[Afrexim 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|accessdate=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|accessdate=1 May 2017|location=Johannesburg, South Africa|date=22 December 2014}}</ref> A bimetallic 1 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>

⚫
In November 2016 backed by a US$200 million African export-import bank loan the Reserve Bank of Zimbabwe began issuing $2 bond notes'.<ref>{{cite web|url=http://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|accessdate=1 May 2017}}</ref> Two months later US$15 million worth of new 5 dollar bond note 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|accessdate=1 May 2017}}</ref> Further plans for a $10 and $20 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|accessdate=1 May 2017}}</ref>

⚫
==Coins==
{| class="wikitable"
!Denomination
!Obverse
!Reverse
!Weight
!Diameter
!Material
!{{Abbr|Ref.|Reference}}
|-
|1 Cent
|RBZ in various positions with coin date centered
|Enclosed in circle with "1" surrounded by "ONE CENT BOND COIN"
|2.45 g
|17 mm
|Copper-plated steel
| rowspan="5" |<ref>{{Cite book|title=2017 Standard Catalog of World Coins, 2001-Date|last=Michael|first=Thomas|publisher=Krause Publications|year=2016|isbn=978-1440246555|location=|pages=1392}}</ref>
|-
|5 Cent
|RBZ in various positions with coin date centered
|Enclosed in circle with "5" surrounded by "FIVE CENTS BOND COIN"
|2.85 g
|18 mm
|Brass-plated steel
|-
|10 Cent
|RBZ in various positions with coin date centered
|Enclosed in circle with "10" surrounded by "TEN CENTS BOND COIN"
|3.80 g
|20 mm
|Brass-plated steel
|-
|25 Cent
|RBZ in various positions with coin date centered
|Enclosed in circle with "25" surrounded by "TWENTY-FIVE CENTS BOND COIN"
|4.80 g
|23 mm
|Nickel-plated steel
|-
|50 Cent
|RBZ in various positions with coin date centered
|Enclosed in circle with "50" surrounded by "FIFTY CENTS BOND COIN"
|6.00 g
|25 mm
|Nickel-plated steel
|-
|1 Dollar
|RBZ in various positions with coin date centered
|Enclosed in circle with "1$" surrounded by "ONE DOLLAR BOND COIN"
|
|
|
|
|}


==Notes==
==Notes==
{{Main|Zimbabwean bond notes}}
{| class="wikitable"
⚫
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|date=28 November 2016 |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|date=3 February 2017 |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|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}}</ref>
!
!Color
!Front Design
!Back Design
!{{Abbr|Ref.|Reference}}
|-
|$2
|Green
|Chiremba [[Balancing Rocks|balancing rocks]] in Epworth
|[[National Heroes Acre (Zimbabwe)|Eternal Flame of Independence monument]] and Parliament House in Harare
| rowspan="2" |<ref>{{Cite web|url=http://www.banknotenews.com/files/tag-zimbabwe.php|title=Zimbabwe new 5-dollar bond note (B191) confirmed|last=|first=|date=|website=banknotenews.com|archive-url=|archive-date=|dead-url=|access-date=1 May 2017}}</ref>
|-
|$5
|Purple
|[[Balancing Rocks|Epworth Balancing Rocks]]
|Three [[Giraffe|giraffes]] next to trees
|}



==References==
==References==
Line 109: Line 35:


{{Economy of Zimbabwe}}
{{Economy of Zimbabwe}}
{{dollar}}
{{Authority control}}


[[Category:Currencies of Zimbabwe]]
[[Category:Economy of Zimbabwe]]
[[Category:Economy of Zimbabwe]]
[[Category:Dollar]]

Latest revision as of 02:36, 13 October 2024

Zimbabwean bonds
Zimbabwe 1-dollar bond coin
ISO 4217
Codenone
Unit
Symbol$‎
Denominations
Subunit
 1⁄100cent
Banknotes$2, $5
Coins1¢, 5¢, 10¢, 25¢, 50¢, $1, $2
Demographics
User(s) Zimbabwe
Issuance
Central bankReserve Bank of Zimbabwe
Valuation
Pegged byUnited States 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

[edit]
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.

Notes

[edit]
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]

References

[edit]
  1. ^ Staff Reporter. "RBZ says bond notes launch Monday". New Zimbabwe. Retrieved 1 May 2017.
  2. ^ "Zimbabweans suspicious of new 'bond coins'". Times Live. Johannesburg, South Africa: Times Media Group. 22 December 2014. Retrieved 1 May 2017.
  3. ^ "Bond notes finally out | The Herald". www.herald.co.zw. Retrieved 1 May 2017.
  4. ^ Crabtree, Justina (28 November 2016). "Zimbabwe's issuing new 'bond notes' to avoid a cash crunch". CNBC. Retrieved 1 May 2017.
  5. ^ Rahman Alfa Shaban, Abdur (3 February 2017). "Zimbabwe introduces fresh $5 bond notes to ease cash crunch". Africa News. Retrieved 1 May 2017.
  6. ^ "RBZ rules out $10, $20 bond notes". News24. Archived from the original on 5 March 2017. Retrieved 1 May 2017.
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