Zimbabwe Releases New $2 and $5 Bond Notes
2017-01-09 Mon
Zimbabwe officially revealed the designs of the $2 and $5 bond notes, announced last year. Hyperinflation led to the withdrawal of the Zimbabwean dollar and the decision for introducing the new notes.The obverses are similar to the 27-piece $1 to $100 trillion series of 2007–2008, featuring Chiremba balancing rocks formation in Epworth. The reverse of the $2 bond note features the Parliament House in Harare behind the Eternal Flame. The $5 bond note is purple in colour and features three grazing giraffes.
$2 bond notes worth $10 million were released in November along with $2 million worth of $1 bond coins. $2 notes worth $7 million were again released on 7th December.
The notes are equal to the U.S. dollar without a foreign exchange value and a maximum of $200 million in U.S. funds can be released. They are stored in U.S. dollar accounts with a withdrawal limit of $100 a day and $300 per week.
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