Zimbabwean Bonds were a form of legal tender near money released by the Reserve Bank of Zimbabwe which attempts to resolve Zimbabwe's lack of currency. Bonds were pegged against the U.S. dollar at a 1:1 fixed exchange rate and backed by the country's reserve.
Zimbabwean Bonds were a form of legal tender near money released by the Reserve Bank of Zimbabwe which attempts to resolve Zimbabwe's lack of currency. Bonds were pegged against the U.S. dollar at a 1:1 fixed exchange rate and backed by the country's reserve.
Source: Wikipedia "Zimbabwean bonds" · CC BY-SA 4.0
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