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Despite the notes being notionally pegged to the US dollar, their value, like the former Zimbabwean dollar, is collapsing, with everyday transactions using a rate of $3 bond notes to 1 United States dollar in January 2019 and over $90 bond notes to US$1 as of November 2020. [11] As of August 2022, the conversion rate is $361.9 bond notes to US$1.
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]
On 11 November 2019, the Reserve Bank issued regular banknotes for the first time since 2009, with commercial banks releasing them to the general public on the following day: [30] [31] the regular $2 and $5 banknotes were similar to the bond notes, but they did not have the "bond note" inscription on either side. $10 and $20 notes entered ...
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Zimbabwe will introduce higher denomination bank notes to increase the amount of cash in circulation, the finance minister said in a government notice on Thursday, at a time inflation is soaring ...
Banknotes dated 1980 bore Salisbury as the name of Zimbabwe's capital, which renamed itself to Harare on 18 April 1982: $5, $10 and $20 notes dated 1982 and later bore the updated name, but early batches of $10 notes dated 1982 erroneously bore the capital's old name. There were no $2 notes dated 1982: those dated 1983 and later had the updated ...
The bond coins, struck at the South African Mint in Pretoria, [8] were the first Zimbabwean coins since 2003. A bimetallic one-dollar bond coin was released on 28 November 2016 [9] along with two- and five-dollar Zimbabwean bond notes. [10] A bimetallic two-dollar bond coin was released in 2019, and circulates with its equivalent banknote in ...
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