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Sunday, November 27, 2016

TNT UPDATE, 28 NOV

Lightspirit:  Christmas 2013 people were exchanging Tony was excited me too....Christmas passed and new years but I think Tony announced that we were not going to exchange until later. Then came we are the people..... controlled rollout….. so if they are receiving and some people are exchanging they why not all people

Lightspirit:  So anyway one day the people who have been deciding our fate for years will decide to release the rate with the full value and we who are not in heaven at that time will be blessed

Nblgh1:  Also hear that the imf meeting has been push up to December 5th

AJtexas wrote It's coming into place, Zimbabwe and Iraq are distributing lower denominations to their people. ZIM in country is being exchanged one for one with us dollar

Iraq budget will be done this Thursday. Lastly, one online currency dealer has a sale on for Zim until Tuesday of this week.
    
Pearle wrote I feel that we have this RV cornered   


Tishwash:  Iraq receives four billion dinars as a loan from the World Bank next month  LINK

Lightspirit:  Ray says that in country there is a new rate

DAZ:  THE IN COUNTRY RATE GOAL IS A ONE DINAR TO ONE DINAR 1:1....GIVE OR TAKE

Lightspirit:  but the wb would probably use the international rate

Daz:  THE INTERNATIONAL RATE IS ALSO A 1:1 RANGE

Lightspirit:  1:1 = 1$:1dinar…. so that is a new rate and that is why they are getting money

Airam:  Then the loan could a 1:1....just guessing

Lightspirit:  the dinar is a tradeable instrument that is how people are exchanging………as long as they control announcements then they continue to control the public

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Tishwash:  and it seems this is going to happen

Zimbabwe new 2- and 5-dollar bond notes reportedly to be introduced 28.12.2016
From BankNoteNews.com which is usually pretty accurate...

Nov 26, 2016 02:02 PM Category: Africa

According to a press release dated 26 November 2016:

PRESS STATEMENT ON THE INTRODUCTION OF BOND NOTES

The Reserve Bank of Zimbabwe is pleased to advise the nation of the introduction of bond notes with effect from Monday, 28 November 2016.

The bond notes will be released into the market through normal banking channels in small denominations of $2 and $5 to fund export incentives of up to 5% which will be paid to exporters of goods and services and diaspora remittances. 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 US$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.

In line with the Bank’s thrust to promote a less cash society through the use of plastic money, withdrawal limits of bond notes have been set at a maximum of $50 per day and a maximum of $150 per week. This measure is in tandem with the objective of the Bank to release bond notes into the market on a measured basis which is critical to mitigate against abuse of bond notes.

The Reserve Bank has engaged and agreed with the Retailers Association of Zimbabwe, fuel companies, representatives of the various business associations and the Consumer Council of Zimbabwe on the use and acceptability of bond notes as a medium of exchange in the country.

The Reserve Bank would like to request the public to report any form of malpractice and abuse of bond notes including but not limited to hoarding, defacing, disfiguring or unlawful use of notes and manipulation by person or banks or currency dealers or traders in connection with the use of bond notes.

Such malpractices should be reported to the Reserve Bank of Zimbabwe on toll free numbers Telone – 08006009 and Econet – 08086770.

Reserve Bank of Zimbabwe 26 November 2016

http://banknotenews.com/files/28bd026965518b723d18b94d33f2a8ef-

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