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1 Dollar Bond Coin

Issuer Reserve Bank of Zimbabwe
Year 2016-2017
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Composition Bimetallic: nickel plated steel centre in brass ring
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Obverse script Latin
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Reverse lettering · ONE DOLLAR · 1$ BOND COIN
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Additional information

Zimbabwe's bond coins were introduced in late 2014 as a stopgap after the country abandoned its own currency in 2009 following the hyperinflationary collapse that peaked with the hundred-trillion-dollar note. Officially pegged one-to-one with the US dollar, the bond coins were never legal tender outside Zimbabwe and quickly attracted a black-market premium as US dollar coins — which they nominally replaced in small-change transactions — disappeared from circulation through hoarding.

By 2016–2017, public trust in the parity claim was already eroding, anticipating the bond note crisis that would accelerate through 2018–2019.

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