The Reserve Bank of Zimbabwe began to release Zimbabwean bond coins on January 1, 2016. The coins are denominated at 1, 5, 10, and 25 cents and are pegged to the corresponding values in United States currency. A 50 cent bond coin was finally released in March 2015. Public reaction to the bond coins has been extremely skeptical, with widespread fear that they are the government's first step to reintroducing an unreliable Zimbabwean dollar. John Mangudya, the Governor of the Reserve Bank of Zimbabwe, has denied that the Zimbabwean dollar is being reintroduced.