Description

The Reserve Bank of Zimbabwe began to release Zimbabwean Bond Coins on December 18, 2014. A 50 cent Bond Coin was finally released in March 2015.

The coins are being issued to remedy a lack of small change resulting from the absence of a solid seigniorage contract with the USA, South Africa or any of several other countries whose currencies, including the U.S. dollar and the euro, are being used in the multi-currency regime that arose in 2009, when Zimbabwe abandoned the Zimbabwean dollar in response to several cycles of hyperinflation.

The Bond Coins are the first Zimbabwean coins since 2003.