| Zimbabwean bond notes | |
|---|---|
 A two-dollar bond note | |
| Country |  Zimbabwe |
| Issuers | Reserve Bank of Zimbabwe (2014–2024) |
| Denominations | $2 and $5 |
Zimbabwean bond notes were a form ofbanknote in circulation inZimbabwe. Released by theReserve Bank of Zimbabwe, the notes were stated to not be a currency in itself but ratherlegal tendernear money pegged equally against theU.S. dollar. In 2014, prior to the release of bond notes, a series ofbond coins entered circulation.[1]
In November 2016, backed by aUS$200 million loan from theAfrican Export-Import Bank, the Reserve Bank of Zimbabwe began issuing $2 bond notes.[2] Two months later,US$15 million worth of new five-dollar bond notes were also released.[3] Further plans for$10 and$20 bond notes were ruled out by the Reserve Bank's governor John Mangudya.[4] However, in 2020, $10 bond and $20 were introduced.[5] In 2022, the $50 and $100 bond notes were introduced.[6]
The notes were not generally accepted by the Zimbabwean people,[7][8] so the government tried expanding the electronic money supply and issuing Treasury bills instead.[7][9]
The bond notes were still in circulation in 2018, although former Finance MinisterTendai Biti said that they should be demonetised, as they were being subject toarbitrage.[10] In the campaigning for the 2018 elections, the bond notes became a political issue, with the MDC Alliance calling for their replacement with 'real cash'.[10]
Despite the notes being notionally pegged to the US dollar, their value, like the formerZimbabwean dollar, is collapsing, with everyday transactions using a rate of $3 bond notes to 1United States dollar in January 2019 and over $90 bond notes toUS$1 as of November 2020.[11] As of August 2022, the conversion rate is $361.9 bond notes to US$1.
| Pick No. | Image | Value | Dimensions | Main colour | Description | Date of[12] | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Obverse | Reverse | Obverse | Reverse | Watermark | printing | issue | withdrawal | |||||
| 99 | |  | $2 | 155 × 62 mm | Green | Domboremari with trees | Eternal Flame at theNational Heroes' Acre, and theOld Parliament House | Zimbabwe Bird and "RBZ" | 2016 | 28 November 2016 | 11 November 2019 | |
| 100 |  |  | $5 | 155 × 66 mm | Purple | Domboremari with trees | Three giraffes and the Zimbabwe Aloe (Aloe excelsa) | Zimbabwe Bird and "RBZ" | 2016 | 3 February 2017 | 11 November 2019 | |
| These images are to scale at 0.7 pixel per millimetre. For table standards, see thebanknote specification table. | ||||||||||||
In February 2019, the RBZ Governor announced that the bond notes would be part of the "values" that make up the new currency to be added into the Zimbabwean market, theRTGS dollar along with thebond coins and electronic balances.[13]
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Media related toMoney of Zimbabwe at Wikimedia Commons| Preceded by: Zimbabwean dollar Reason: hyperinflation Ratio: 250 ZWL = 1 USD Note: 1st dollar (ZWD): 18 April 1980 to 21 August 2006 2nd dollar (ZWN or 1 000 ZWD): 1 August 2006 to 31 December 2008 3rd dollar (ZWR or 1010 ZWN): 1 August 2008 to 12 April 2009 4th dollar (ZWL or 1012 ZWR): 2 February 2009 to 12 April 2009 | Currency of Zimbabwe 18 December 2014 – 2024 Note: Part of a multiple currency system withhard currencies &Zimbabwean bond coins (since 28 November 2016) | Succeeded by: Current |