Bond notes to be released on Monday

The Reserve Bank of Zimbabwe has announced Monday as the release date of bond notes on a withdrawal limit of $50 per day.

In a statement, the RBZ said the initial release of bond notes shall be in an amount of $10 million in denominations of $2 and $2 million in $1 bond coins. The features of the bond notes will be released simultaneously with the bond notes.
 
The use of bond notes within the multi-currency exchange system which are anchored to the $200 million facility will operate along the same lines as bond coins. They are pegged 1:1 to the US dollar.
 
"The banking public is advised that no new accounts will be opened as the bond notes would be deposited into existing US dollar accounts"