Released by the Reserve Bank of Zimbabwe, the notes were stated to not be a currency in itself but rather legal tender near money pegged equally against the U.S. dollar.

[3] Further plans for $10 and $20 bond notes were ruled out by the Reserve Bank's governor John Mangudya.

[6] The notes were not generally accepted by the Zimbabwean people,[7][8] so the government tried expanding the electronic money supply and issuing Treasury bills instead.

[7][9] The bond notes were still in circulation in 2018, although former Finance Minister Tendai Biti said that they should be demonetised, as they were being subject to arbitrage.

[10] In the campaigning for the 2018 elections, the bond notes became a political issue, with the MDC Alliance calling for their replacement with 'real cash'.