Bond coins are a currency of coins backed by a bond that were introduced by the Reserve Bank of Zimbabwe (RBZ) in December 2014 and in March 2015 respectively with the aim of easing transaction change problems.
The bond coins were denominated in 1 cent, 5 cents, 10 cents and 25 cents. The coins were brought into circulation through the local banks. The coins were minted in South Africa. At the time of introduction, the coins were equivalent to the value of US cents.
The bond coins were denominated in 1 cent, 5 cents, 10 cents and 25 cents. The coins were brought into circulation through the local banks. The coins were minted in South Africa. At the time of introduction, the coins were equivalent to the value of US cents.
The total value of the coins introduced was US $10 million backed y a $50 million dollar denominated bond translated to 2% of the total bank deposits in the country.
