Request any song you want for FREE! All songs requested will be tuned to a 432 Hz frequency.

Request Now

1-800#'s and Instructions for Currency Redemption/Exchange

This is where the 800 numbers and instructions for currency redemption (US) and currency exchange (international) will be posted. This part of the page will remain until the "TETELESTAI" email has been distributed to us. Thank you.

Guest Posting Now Available

Dinar Chronicles is now allowing viewers to guest post. If you wish to speak your mind and write a post/article about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

All you need to do is send your entry to UniversalOm432Hz@gmail.com with these following rules.

The subject of your email entry should be: "Entry Post | (Title of your post) | Dinar Chronicles"

- Proper grammar
- No foul language
- No bashing of others
- Solely write intel, rumors, news, thoughts regarding Dinarland, Iraq, the RV, the GCR and anything that is relating
- Your signature/name/username at the end (Optional, if there is no name at the end of your entry I will post it as "anonymous")

Send your entry and speak out today!

Follow Dinar Chronicles by Email

Featured Post

"Other Purposes" - RV Update - Congress - December 3, 2016

Received via email at 9:02 PM EST for publication. ~ Dinar Chronicles H.Res.934 - Providing for consideration of the Senate amendment t...

Tuesday, September 6, 2016

Zimbabwe Central Bank: Launch of Bond Notes 'on track'

Bond notes launch on track says Zimbabwe central bank


Aug 2, 2016

By Ndakaziva Majaka

The Reserve Bank of Zimbabwe (RBZ) said it is “well on track” to unveil the bond notes in October, despite public resistance.


RBZ Governor Dr John Mangudya talks to Finance Minister Patrick Chinamasa

Last week, central bank deputy governor Kupukile Mlambo told the Daily News that despite the public’s concerns, the RBZ was geared to introduce the notes.

“October is still the introduction date… the process is not just printing, it also involves design, so we are well on track,” he said.

He, however, declined to indicate the current stage of the notes’ production.

“I cannot comment on that, the only person who can give you that information is the governor himself,” Mlambo said.

However, RBZ sources yesterday said the bank had received several designs, with the final templates expected to be submitted to the German printers by mid-August.

“As you may already know, the introduction date is October. As of now, designs have been received and they will be delivered to the printer by mid-month,” the source said.

The notes — which will serve as a five percent bonus incentive to exporters — will be introduced to sustain and safeguard the multi-currency system in Zimbabwe, amid public confusion over how the system will function after their introduction.

Vouchers for exporters to redeem the bond notes will soon be disbursed to all exporters who have been exporting since May 5 2016.

According to RBZ governor, John Mangudya, all exporters have been accruing the incentive since May 4 when the bond notes announcement was made.

The vouchers will be released dating back to all export transactions made from May 5.

In May, the governor announced that the RBZ was set to print bond notes under a $200 million Africa Export Import Bank-backed bond, but the development was interpreted by some quarters as an attempt to sneak the discredited Zimbabwe dollar through the back door.

Zimbabwe — which abandoned its currency in 2009 and adopted nine foreign currencies as legal tender — still has fresh memories of the 2008 hyper-inflationary era.

The proposed bond notes are set to make up four percent of the over $6 billion cash in circulation.

When the announcement was made, Zimbabweans — still traumatised by the inflationary effects of the bearer cheques — panicked, with depositors rushing to withdraw their cash from banks.

Market analysts say government needs to deal with issues of trust and honesty before introducing a currency of any sort. Daily News

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

All rights reserved go to their respective holders. We do not own the intellectual property shown on this website, the respective holders own that privilege unless stated otherwise.

We do not endorse any opinions expressed on the Dinar Chronicles website. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on Dinar Chronicles.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reader of the website. This website is...Read More