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50 Cents Bond Coin
| Issuer | Reserve Bank of Zimbabwe |
|---|---|
| Year | 2014-2017 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
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| In circulation to | 30 April 2024 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | The large numeral '50' occupies the centre of the field in bold, line-engraved characters, set against a decorative background of interlaced curvilinear motifs suggesting the denomination in stylised form. The legend 'FIFTY CENTS' curves along the upper periphery and 'BOND COIN' along the lower periphery, both separated from the central design by a beaded inner border. Small lozenge-shaped ornaments punctuate the field to either side of the central numeral. |
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| Additional information |
Zimbabwe's bond coins were introduced in 2014 as a stop-gap after the country abandoned its own dollar in 2009 following one of the most extreme hyperinflationary collapses in recorded history — peak estimates exceed 89.7 sextillion percent monthly inflation in November 2008. With no domestic currency, the economy had been running on a basket of foreign currencies, primarily the US dollar, but chronic shortages of small-denomination coins created practical problems at the retail level. The bond coins were nominally pegged one-to-one with the US dollar and struck in denominations to fill that gap.
Widespread public skepticism greeted the issue from the start, with many Zimbabweans refusing to accept them at face value.