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Zimbabwean bonds information


Zimbabwean bonds
Zimbabwe 1-dollar bond coin
ISO 4217
Codenone
Unit
Symbol$
Denominations
Subunit
1100cent
Banknotes$2, $5
Coins1¢, 5¢, 10¢, 25¢, 50¢, $1, $2
Demographics
User(s)Zimbabwean bonds 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.

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