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Thursday, November 23, 2017

The International Monetary Fund confirms progress with Iraq on the budget for 2018 , 23 NOV

Wednesday, November 22,

Alsumaria News / Baghdad , 
said the Iraqi Central Bank , Wednesday, for the completion of discussions with the IMF on third revision of the agreement to prepare the credit, pointing to confirm the IMF to achieve progress with Iraq on the budget year 2018, which comes in line with the standby credit agreement. 

"Iraqi authorities and IMF experts continued discussions in the Jordanian capital of Amman from November 17 to 21, 2017 on the third review of the 36-month credit agreement with Iraq," the Central Bank of Iraq said in a statement received by Alsumaria News.

Bank and the transfer of the head of the IMF mission to Iraq Christian nut, confirmed that the Iraqi authorities and the International Monetary Fund experts continued discussions on the third revision of the agreement to prepare the credit and made good progress towards reaching agreement on the draft 2018 budget law in line with the standby credit agreement. " 

He said the bank to "The mission team of the Fund met during the discussion period with the Governor of the Central Bank Ali Al-Alaq, Undersecretary of the Ministry of Finance Maher Johan, Undersecretary of the Ministry of Planning Qassim Attiyah and Advisor to Prime Minister Haider Abadi, Chief of the Financial Supervision Bureau and officials of the Ministry of Finance and Coffee As the Iraqi Central and the Ministry of Oil, and expressed his thanks to the Iraqi authorities for their cooperation and open and fruitful discussions with them.

The Executive Board of the International Monetary Fund has agreed to hold a credit agreement on July 7, 2016, amounting to 5.34 billion US dollars within the program of economic reform of Iraq.

LINK

MNT GOAT UPDATE, 23 NOV

Hi Everyone,

I bring you much news today.

I know much of today’s news may seem gloomy to many of you, but it is reality and we need to hear the good, the bad and the ugly. Yes – better days are ahead but you must put it all in perspective too. All you need to do it go back to the last 8 years of Nori al-Maliki administration and compare to all the progress Iraq has made since. They may not yet be ready for the re-instatement of the currency (when we want it), but they are making great strides with their new capitalistic democracy and I totally believe “blue skies are ahead and there will a nice big rainbow soon”.

More news….

Baghdad / Haider al-Atari 

Baghdad Municipality has completed its preparations for the celebration on (the day of Baghdad) on the 25th of this month, which will provide a snapshot of the history of the capital, by recalling the writers, thinkers and celebrities who raised the name of Iraq high in international forums, as well as the old Baghdadi occupations and foods that prevailed 

Then UNESCO Director-General Irina Bokova plans to visit Baghdad early next month.

The secretary of the Higher Committee for (Baghdad Day) Adel Adelawi said in an exclusive interview for "morning": The Secretariat decided to change the site of the celebration from the Zora Park to the building of Qishla on the 25th of this month, which will last four days, noting that the committee headed by Amina Baghdad, Which included a number of preparatory meetings for the success of its activities.

(Mnt Goat – the only reason why I bring this article to you is to clarify that this scheduled celebration has ABSOLUTELY nothing to do with the re-instatement of the dinar in Iraq. I am sorry and I know this is contrary to what these idiotic intel gurus are telling you. But do you want the TRUTH or FICTION from me and to go along with this stupid crap?

More news….

More proof I was correct!

So last week all these so called idiotic intel gurus has everyone chasing their tales and going down rabbit holes on this WTO meeting held last Friday.

Oh – they told everyone that Iraq would have to RV or they couldn’t ascend fully into the WTO, thus the past Friday’s meeting was about ascending Iraq into the WTO and they needed to RV prior to the meeting. Really?

I told everyone this meeting was of little significance to the RV since I proved to everyone 1) that a country does NOT need a currency to join the WTO. I even presented a link to the WTO site so you can see it for yourselves. Who started this rumor any way?

2) On top of this rumor I also debunked the fact that this meeting was not to ascend fully into the WTO but merely a regular scheduled meeting to negotiate terms and goals leading for a later ascension time period/announcement, when they are fully done with the entire process.

Many disputed me findings from my TRUTHFUL and HONEST research. I said we will see who is right. So read the article that come out on Monday 11/20 about the meeting with the WTO from last Friday.

So who now is right? Who has been telling everyone the TRUTH all along? Who is the idiot? Are you tired of these people who jump to these unsubstantiated conclusions? Why would you even repeat the rumor that if you first verify if for yourself? Where is the proof?

My conclusion is either these so-called intel gurus are intentionally lying to you or they are just plane STUPID. So which is it?

Part of the article follows:

“The Ministry of Commerce announced that the delegation of the National Committee of Iraq’s accession to the World Trade Organization WTO discussed ways to support Iraq to complete the files of joining the World Trade Organization with representatives of Arab countries at the headquarters of the Arab League in Geneva.

This was confirmed by Director General of the Department of External Relations Adel Khudair Abbas, head of the delegation and Vice-Chairman of the National Committee on Iraq’s accession to the World Trade Organization, adding that these discussions were to provide a clear explanation of the process of Iraq’s accession and the achievements in this area of legislation and specific legal obligations and detailed reforms In the institutions, practices and economic policies required by Iraq’s accession to the World Trade Organization and to be part of the international economic system.”

More news….

FIGHTING ISIS UPDATE

BAGHDAD (Reuters) - Iraqi Prime Minister Haider al-Abadi said on Tuesday Islamic State had been defeated from a military perspective but he would only declare final victory after IS militants were routed in the desert.

Securing desert and border areas is what remains in the campaign against Islamic State, military commanders say. 

“From a military perspective, we have ended the presence of Daesh in Iraq,” Abadi said while addressing a weekly news conference, referring to Islamic State by an Arabic acronym.

“God willing, we will announce very soon after the end of the purification operations victory over Daesh in Iraq.”

(Mnt Goat – So we read that the fighting of ISIS is NOT yet over. The news media from Iraq was WRONG when they said RAWA was the last of the last of the fighting. Do you now get my point?

Don’t just jump to conclusions, instead just listen to the news, but wait and see what really shakes out before making up rumors based on your stupid conclusions. So we see there is no announcement as all these so called intel gurus are telling you would happen and how it will trigger the RV?

Again another event they are using to hype up a make believe timeframe. Believe me if this was a plan they would have taken the continued fighting into the desert area in calculating their plan. So there is no to RV based on some “announcement”. Get it? Why not just relax and let the news shake it all out….lol..lol. .Lying is not going to get the RV any sooner. )

More news….

The United Nations said on Tuesday it had accepted a proposal from Iraq to allocate 0.5 percent of its oil revenues next year to pay $ 4.6 billion 

Compensation to Kuwait for the destruction of its oil facilities during the Gulf War in 1990 and 1991.

(So why is the UN accepting a proposal? I thought them money is owed to Kuwait. Why can’t Kuwait decide if a proposal is acceptable to them? So this article is telling us who really is making up this decision as what is and what is not acceptable for the repayment. Yeh- by the way didn’t PM Abadi tell us Iraq would be totally out of Chapter 7 by the end of 2017? Seems to me this is not now going to happen. Sorry! Don’t shoot the messenger. Their words not mine.)

Payments made since October 2014 due to security challenges and budget problems faced by Iraq will increase annually until the end of 2021, the United Nations Compensation Commission said in a statement, adding that Kuwait had accepted the proposal.

"Based on oil prices and export expectations, this will result in the payment of the remaining compensation," the committee said, referring to KPC's claim, the largest amount approved by the Geneva-based Compensation Commission.

(Mnt Goat – Sorry folks! No RV until this payment if made in full. 

Iraq MUST get fully out of financial sanctions prior to RV. I am only the messenger, please don’t shoot…lol…lol.. Guess the proposals we read about a couple months ago (remember?) from Kuwait to pay off the debt with propane gas did not work out. So who decides which proposal is accepted? Is the IMF or Kuwait ? We see now it must also be acceptable to the IMF. Enough said…..lol..lol…)

More news….

CBI

November 21, 2017

Economy News _ Baghdad

The Central Bank of Iraq, on Tuesday, that 89% of adults do not have bank accounts, noting that the reluctance of many individuals to deal with banks because of religious rulings, one of these reasons.

"The World Bank estimates for 2014 indicated that the number of deposit accounts for Iraqis to the number of adults is 11%, that is, 89% of these adults do not have bank accounts, but they deal with criticism," the bank said in its annual report on financial stability for 2016. In settlement of their transactions and discharge of debts.

(Mnt Goat – Folks article means many things and is one of those WOW articles.

First this means the project to delete the zeros is not working out in a timely manner as planned. So you have to read these articles and understand why they need people to have bank accounts.

Second, it is more than just lack of liquidity in the banks.

Third, the CBI is still paying way too many salaries in cash. They need to collect these dinars and permanently get them out of circulation. They can not do this when they keep circulating them back into the economy each payday.

Fourth, the CBI already has locked down some of the govt payouts and told the recipients that if they don’t have a bank account they can get paid. So this is how it works. You need a bank account to get electronic deposits…right….get it? Do you now see the reasoning for this article from the CBI? )

Formal Articles are below. Due to FACEBOOK limitations they do not print my RED colored fonts so my comments are in brackets ( ) throughout the articles. I will preface my comments with “mnt Goat” so you know I am jumping in with observations. Also I separated the articles with asterisks.

Articles Begin

WAGING WAR ON THE CORRUPT

Baghdad / Al-Sabah / Alaa al-Tai

The Prime Minister and the Commander-in-Chief of the Armed Forces, Dr. Haider Abadi, his intention to wage war on the corrupt, "calling on" activists and citizens to cooperate in detecting the corrupt.

(Mnt Goat – so in this article PM Abadi is pointing out major categories of corruption that he is now going to concentrate on. We can see it goes way beyond ISIS and Daesh fighting. We already know about many of the reforms and the effort to form a more “technocratic” govt thus getting inexperienced favoritism towards friends and family members out of positions that need a level of experience and skill sets to run the country. I find it hard that after 13 years since the war, they still do not have a proper government set up.

I listed them for you so you can understand what Iraq is now going through.)

1)War on Terrorism from ISIS and Daesh

"He said that the organization was crushed," Daash "military in Iraq, he pointed out that political differences will open the way for this comes at a time when the Council of Ministers to allocate the degrees of employment for military colleges and extinguish the debts of electricity wages in the district of Haditha and the draft law on social welfare.




Abadi said at his weekly press which was attended by the "morning": "Thanks to God Almighty and the efforts of our fighters, we were able to liberate our land and all our cities and we have completed the project Daesh terrorist to establish deviant state that distort Islam and true values of humanity, noting that" we have restored spend Rawa "We have begun the purges to remove the effects of the bandits and their remnants in the liberation operations in western Anbar."

He said, adding that "the credit to end Dahesh belongs to the Iraqis and confirm that the killer on the ground are the Iraqis only and we challenge anyone to mention something else," noting, "We have advisers from different countries and we received air support, and Ace Fairway that we used and bought them are not free, and was hit by indirect fire from other nationalities. "

The prime minister added that "the Iraqis and their championships are the ones that ended the call and the right of the Iraqis and the religious reference and the right of the brave who responded to Daish and all the mothers and fathers and every brother and sister and son and all media supported the war effort and the effort of the battle and every citizen contributed to the public effort to be proud to end the myth of terrorism in Iraq "He said.

He explained that "we started a fighting in Mosul, because we considered that the head of terrorism in Iraq and in the elimination of it, the parties die easily as happened in western Anbar and Hawija, Haditha and Rawa and in the rest of the areas was our view is correct," adding that "speculation and expectations were confirmed that the sacrifices of liberation will be large And take time, but we were able to prove the opposite and hit us and urged us to liberate the land and the Iraqis have the credit to help the Syrians and the world of terrorism that if not broken in Iraq was not defeated in other areas.

Losses of terrorists

Abadi pointed out that "the terrorist gangs suffered large losses in Iraq from their leaders, weapons and elements and inflicted a real psychological and military defeat that led them to escape collectively as they were 3 years ago, causing terror to the citizens," asserting that "militarily ended a presence in Iraq and began the first operation of the survey All the Western Sahara and soon begin the disinfection of the island and move to the stage of maintaining victory and prevent the emergence of another terrorism using intelligence effort. "

(Mnt Goat – this is where it gets very good. See below paragraphs.)

2) Political Support for Terrorism

The prime minister pointed out that "the intelligence effort thwarted all their attempts during the liberation operations and failed their plans to target the visitors of Arbaina," noting that "terrorism remains dangerous and will try to get new volunteers and funding for terrorist operations," warning politicians,

"The instigator will prepare him as a partner in the crime," while addressing them by saying, "You serve gangs in the end and encourage them to do a terrorist act or stir up a dispute between citizens and political blocs." 

He also called on the security forces to "be vigilant and vigilant and follow all abnormal activities and deal with the information whatever," urging them to cooperate with citizens, especially in liberated areas, which are now exchanging confidence with the security forces and provide them with information about their motives and plans.

The commander-in-chief of the armed forces near the declaration of victory and invite Iraqis to celebrate the day of defeat, "urged" in Iraq, and said: "We await the final reports and the final operations to announce this day." 

As for the return of the displaced to their areas, Abadi said that "stability and the restoration of basic services are being carried out in order to return every displaced person to his home." To be in his area and his home to participate in the electoral process, "revealing" to begin to prepare schedules for the return of displaced persons to their areas and we will make sure to abide by them. "

3) Elections are on schedule 

On the elections, the head of the executive authority said that he visited his polling station and received the voter card, calling on citizens to review the centers and receive their cards and call them to participate strongly in the elections to celebrate the victory and the unification of the country and the possibility of playing Iraq for a new role.

Abadi repeated his assertions that the ELECTIONS WOULD BE HELD ON TIME, based on mistakes in the past and can be corrected and change the picture of some of the despair of Iraq, "which generates a rebirth is stronger and benefited from previous lessons."

He pointed out that "THE ELECTIONS WILL BE HELD ON TIME, WHETHER LAW HAS BEEN ENACTED OR NOT LEGISLATED, we adopt the law in force and the Commission exists and allocated the necessary funds for the Commission to carry out its work."

(Mnt Goat – Abadi is of course talking about the “election law” that has intentionally been held up due to lack of support, thus it would never pass anyway. Why would they not support honest elections? So we see Iraq is still not quite there with the new democracy. Corruption still reigns)

4) Federal decision on Kurdistan Referendum

The Prime Minister welcomed the decision of the Federal Court against the referendum of the region, saying: "The unity of the Iraqis is essential and that we stood against him and the world with us, but the brothers did not hear," urging the brothers in the region to "respect the Constitution and the decision of the Federal Court we live in one country Voted by citizens. "

He also called on the Kurdish brothers to "not go to fight, the Peshmerga will not aim their guns at the security forces or their Iraqi brothers, despite the attempts of some politicians and call them to abide by this matter and cooperate fully for the extension of federal authority in all regions to the 2003 borders."

5) Fabricated Salaries of the KRG

Abadi stressed his commitment to pay the salaries of workers in the region, which was included in the budget and each province separately to be distributed in a fair manner according to the text of the Constitution and taking into account the individual province and its provinces to achieve balance and justice in this framework, "which is mandatory," noting that "information on Kurdish workers in the region is enough and need to check because of the amplification of some of them 3-4 salaries or 2, and must be sure and achieve justice as we commit to support the economy in the region and all Iraq. (Mnt Goat- Abadi is saying that the amount of money that Baghdad is paying the KRG is not short changing them or a reduction in salaries. Instead the GOI is merely not paying someone who is taking on 2 or even 3-4 salaries by corruptive practices and stealing from the govt. Those says are over so the KRG should stop complaining.)

6) Fighting corruption 

Fighting corruption, the prime minister said, "Our best choice is between surrender or death. Most of them chose not to surrender. They were killed. The corrupt ones ordered them to hand over the money that was stolen and declared it. Then there can be" amnesty, "or loss of money and spending. The rest of their lives in prison "any two together," pledging "

Conclusions to his speech:

a.To continue the fight on corruption

"The new stage is to fight corruption and spoilers and expose the abusers with public money and bring them to justice," he said, adding that "this orientation is not the responsibility of the government alone and needs to be full cooperation in all aspects of the state and society. "

He told corrupt:" handed over money Sergtamoha to greet your life or loss of life and money together, we have a "real thing Sttvajoon him" as happened in Daesh gangs that we beat him ", assured citizens that " we will win in the fight against corruption with cooperation for the efforts we also won over the Da'ashi terror. "

b. Revitalizing the economy

On the economic file, Abadi stressed the move to plan the revitalization of the economy, agriculture, industry and trade and there are national products now in the markets compete with the importer, expressing regret that some MPs contributed to the launch of false rumors about the salaries of employees.

c. Cutting back govt expenses 

He added: "When we say that salaries will not be cut, we will not cut off some things that have not yet been discussed and allocate allocations of some degrees previously and left now because we need a comprehensive economic reform of the private and public sectors in order to provide pensions to all citizens and thanked each country provided support and advice to Iraq "This classification comes from the influence of organizations within the United States of America on the US administration against Iraq," he said. "We are following up with the US administration to classify forces in the popular crowd with terrorism, which is not successful."

"We recognize the existence of excesses but they are individual, but we do not accept the mistake and we investigate it, and I do not think the decision is going on," he said. And his political future after the announcement of the leader of the Sadrist movement, Muqtada al-Sadr, his support for a second term, said Abadi: "We appreciate this position of Mr. Sadr," noting that "there is a difference between independence and belonging to the party, we spent a large part of the quotas in the institutions of the state."

d. Political Corruption

"I am committed to all his commitments and the largest bloc. The National Alliance nominated me according to the constitution and I am committed to this constitutional mechanism. I belong to the Islamic Dawa Party and I do not leave this commitment, but I am committed to working independently." 

Abadi called on the electoral lists to be "independent in defending all citizens," expressing the hope that "we see national lists do not shop for belonging, but for the national interest."

In the meantime, the Cabinet voted on the allocation of degrees for military colleges and extinguish the debts of electricity wages in the district of Haditha and draft law on social welfare. A statement issued by the Prime Minister's Office, received by Al-Sabah, said that the Cabinet voted in its ordinary session under the chairmanship of Haidar Al-Abadi to "assign functional grades to the military colleges and vote on the minutes of the joint Iraqi-Jordanian committee formed under the Diwani Order No. 15 of 2017. The law of amending the Companies Law No. 21 of 1997 and voting on the draft law of the first amendment to the law of agricultural quarantine No. 26 of 2012.

e. Reconstruction Efforts 

"The Council of Ministers and the formation of a committee to evaluate the strategic projects that can be completed in full next year in order to prioritize the work and waste of money in projects that are not important to the citizen and the rates of achievement is low," he said, adding that " A competent national administration to manage the Iraqi airspace and improve the situation of workers in this important sector. " 

"The council also voted to extinguish the debts of electricity in Haditha district," the statement said.

The Council of Ministers, according to the statement, "a report on the damage caused by the earthquake that occurred on 11 and 12 November 2017 in the regions of Kurdistan and Khankin, and directed the implementation of the necessary procedures on this." 

The statement noted that "the Council voted on draft social welfare law No. 126 of 1980 and referred to the House of Representatives."

The Prime Minister's Office said in a press statement that "Dr. Abbadi received the envoy of British Prime Minister Christian Turner," adding that "during the meeting they discussed enhancing relations between the two countries and political, security and economic conditions and restoring stability to the liberated areas." "Turner," the victories achieved on the duel, "stressing" his country's support for the unity of Iraq, and Britain is committed to support Iraq in the process of stability of liberated areas. "

Articles End

Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,

Just the FACTS!

Auf Wiedersehen 

Much love to ya all, 

Mnt Goat

DINAR GURUS UPDATE, 23 NOV

11-23-2017   Intel Guru Frank26   On the 17th the WTO got together with Iraq...an informal meeting...to submit to the WTO the final pkgs...they are a commitment to the WTO...They have more than 2/3 of the two majority votes to get seats into the WTO...All the dominoes are lined up...   Abadi said Iraq is going to have a National Liberation Day...The big day in Baghdad is Saturday - "BAGHDAD DAY"...  IMO On the 25th Abadi will give a speech that will be shown all around the world...hes going to tell that Iraq is liberated from terrorism...he will talk to the international world that we are open for international business to come in...he’s going to talk about chapter 7...he’s going to talk about security and stability...Abadi has worked with the US hand in hand...he has a reason for all the things he is doing...reason why we have not heard the speech yet...wait for a speech that will change world history...   He could change that rate right after that speech...Prepare yourself for Saturday...

11-23-2017   Newshound Guru MilitiaMan  Article:  "Central banks contribute to economic balance"  Quotes:   "government with the involvement of the central bank in determining the exchange rate policy will lead to the occurrence of the difference or contradiction between the purposes of the exchange rate, and between the other monetary purposes , which both the bank and the government seeks to achieve."   "an attempt to link the independence of the central bank and exchange rate policy found a place in economic studies, especially in light of the free exchange arrangements or floating..."   This is some serious data on exchange rate change and float. The Banks and GOI working as a team is oh so huge! ~ Imo.

11-23-2017   Newshound Guru Adam Montana   The dinar is moving forward. We're waiting for a few key things, which you ALL should know about, and they aren't far off.   We're looking at an RV at some point!  It's not coming today [Wednesday]. It might come tomorrow, or later this week, but I'm not going to speculate on that right now.

Think bitcoin's getting expensive? Try Zimbabwe, 23 NOV

HARARE (Reuters) - For most investors around the world, bitcoin is a volatile and highly speculative bet. For Zimbabweans, however, the cryptocurrency seems to offer rare protection from the onset of hyperinflation and financial implosion.

Some are turning to bitcoin out of desperation as their bank deposits lose value almost by the day, while others are using the online currency for housekeeping such as funding family members studying abroad.
The result is startling. Bitcoin's BTC=BTSP global surge to a record high of $7,888 last week - a sevenfold increase since the start of the year - has been spectacular enough. But on Harare's bitcoin exchange, Golix (golix.io), the price hit $13,900, a 40-fold jump in the same period.
Warnings abound internationally that bitcoin may be a bubble waiting to burst. But the dire state of the Zimbabwean financial system under President Robert Mugabe is encouraging risk-taking.
“I have now changed all my reserves to bitcoin because that is the only way I can protect my investment,” said Arnold Manhizwa, who works for an IT and telecoms company in Harare.
The government adopted the U.S. dollar in 2009 after a bout of hyperinflation rendered the Zimbabwean dollar worthless, wiping out savings in the now defunct national currency.
After a period of relative stability, acute shortages of dollar cash have set in, leaving Zimbabweans with electronic units in their bank accounts which are officially called dollars but have a far lower - and rapidly decreasing - value.
In January if they wanted to buy $100 in cash they had to transfer $120 out of their account to a seller on the parallel market. Now the price is $180 in what are nicknamed “zollars”.
GRAPHIC: Devalued zollars tmsnrt.rs/2mwbtLU
Nearly all domestic transactions are made via debit card or transfers using mobile phones. But some economists estimate inflation is more than 50 percent a month in zollar terms, far from the official, dollar-calculated rate of 0.38 percent.
Zimbabweans are therefore piling into anything they think might retain value. Prices of cars, real estate and stocks have all soared, with the Harare bourse's main industrial index .INDZI doubling in the last two months.
For people like Manhizwa, a 34-year-old father of two, bitcoin is almost a safe-haven asset. “If I have $500 in the bank I won’t get it back and I will be losing value, but when I have my bitcoin it is going up every day,” he told Reuters.
Manhizwa, who participates in online chatrooms discussing cryptocurrencies, says he deposited $20 in bitcoin for his newly-born daughter a few months ago. Now it’s worth over $200. “If I put that money in a bank right now in Zimbabwe I will be left with nothing,” he said.

CLEAR RISKS


FILE PHOTO: People queue to withdraw money from a bank in Harare, Zimbabwe's capital, March 8, 2017. REUTERS/Philimon Bulawayo/File Photo
Globally, the value of all cryptocurrencies is more than $170 billion and bitcoin, the biggest and best-known, has outperformed all traditional currencies every year since 2011, except for 2014. But many international investors still view it as an opaque instrument used by gun-runners and drug-dealers on the Dark Web that should be avoided.
The risks are clear. After reaching the record peak, the international price of bitcoin slid over $1,000 in less than 48 hours last week. In Zimbabwe, the Golix exchange’s website showed at one point on Sunday that the price had tumbled below $11,000, a drop of around eight percent in 24 hours.
But all this has to be compared with the zollar. “Many people view bitcoin, despite its volatile nature, as a better store of value,” said in-house Golix cryptocurrency analyst Taurai Chinyamakobvu.
The same is true in other financially troubled countries such as Venezuela, where the currency has also been eroded by rocketing inflation, pushing bitcoin prices sharply higher.
In Zimbabwe, bitcoin’s attraction looks set to endure after Mugabe fired vice-president Emmerson Mnangagwa last week, paving the way for his wife, Grace, to get to the front of the queue to succeed the 93-year-old.
Mnangagwa had been given a mandate by Mugabe in 2015 to steer the economy and had backed former finance minister Patrick Chinamasa, who was trying to re-engage with foreign lenders such as the International Monetary Fund.

FOREIGN PAYMENTS

Besides acting as an inflation hedge, bitcoin’s attraction to Zimbabweans lies in the difficulty of making foreign payments due to banks capping or halting transactions by Mastercard and Visa cards.
With bitcoin, Zimbabweans can bypass the need to seek foreign currency from the bank, and can even buy goods or services from the growing number of overseas merchants that accept the digital currency.
The central bank, which has to approve official overseas transactions and prioritizes necessities such as fuel and medicines, has previously said Zimbabwe had a backlog of more than $500 million in pending foreign payments.
“A software developer that wants to buy a software download would never get that prioritized by their bank. They can use bitcoin to make payments,” Golix said in response to Reuters questions. “Others use it to send funds to their children in schools outside the country.”
Some better-off families send their sons and daughters for secondary and university education in countries such as South Africa or Britain but they are struggling to support them due to the currency shortage.
Golix data shows it handled bitcoin transactions worth $1 million in October.
But it is a market from which foreigners are largely absent. Technically, overseas-based investors could buy bitcoin on the international market and sell them for almost twice the price in Zimbabwe. The snag is that payment would be in zollars.


One analyst who is setting up a bitcoin trading desk at a Harare bank acknowledged that the local price appeared attractive, but added: “Once foreigners sell their bitcoin, they won’t have a way of getting their money out.”

"When is Optimal Timing?" by (Anonymous) - 23 NOV

Well what I am trying to figure out is that by one person the 800#s are already out there but no one seems to know where they are or who has them. I know one person that saids that he has the 800 # but I have not seen it yet nor has he provided it which usually means that he does not have it, he much like all the other people that make claims nothing he has ever said has ever come about.
 
We again are told that everything is fine and everything is almost ready to go. Some said by Thanksgiving well Thanksgiving is tomorrow as we all know. But they day is not done yet.
 
Some are saying this weekend but I am not holding my breath. Then some say by December 2nd.
 
For something that was to take place this year we are running out of months and days. It has gone from when Trump got elected to his impeachment, to the new taxes, to the budget, etc., now it is left to optimal timing.
 
Iraq has dragged this out about as long as they can. Now they are released from Chapter 7 and are moving to Chapter 8, acceptance by the WTO and an international rate that has been out for over 6 weeks.
 
Now we are being told we have to wait for the NPTB to decide what the OPTIMAL TIMING is going to be. I guess that the NBTB have not come to the conclusion that there is no such thing it is just an excuse that means they will do it when they get good and ready and today is not the day.
 
My hope is that the one that are having a really hard time can somehow have a good Thanksgiving with friends and family. I know from personal experience that being by yourself is a very hard time but all you can do is hold on and don’t let the disappointment get you down and there is something to remember that there is always tomorrow and one day you will laugh at the tough times.
 
Let us hope that this is over soon so we can get on with our lives.
 
anonymous