Focus Keyphrase: History of Zimbabwe Bond Coins
đź“ť Intro
The history of Zimbabwe Bond Coins began in 2014 as a stopgap during the country’s cash crisis. Meant to ease change-making problems, the coins raised concerns over trust and monetary sovereignty.
🪙 What Are Bond Coins?
Issued by the Reserve Bank of Zimbabwe, bond coins were:
- Denominated in 1c to 50c
- Pegged to the U.S. Dollar
- Meant to complement USD in circulation (change shortage)
📉 Why People Were Skeptical
Zimbabweans feared:
- Return of the Zimbabwe Dollar
- Devaluation by stealth
- That bond coins would lose value quickly
Many businesses and commuters rejected them at first.
🔄 Gradual Acceptance
- Used widely for small change
- Eventually accepted in kombis, shops, and even public services
- Paved way for Bond Notes (later collapsed into the ZWL)
đź’ˇ Did You Know?
The coins were minted in South Africa, not in Zimbabwe — to add credibility.
âť“ FAQs
Q1: Are bond coins still in use today?
A: Rarely. They’ve been replaced by ZWL coins and digital ZiG.
Q2: Did they ever hold real value?
A: Briefly, yes — they held face value as long as USD remained dominant.