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TETELESTAI | 1-800 Numbers

This is where the 800#'s will be listed which will be included in the TETELESTAI post once published.

(Note: The TETELESTAI post is the official "Go" for redemption/exchange. Despite Yosef's departure, it will still be sent out for publication when the time comes.)

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 line of your email should be: "Entry | (Title of your post) | Dinar Chronicles"

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- Your signature/name/username at the end (If you wish to remain anonymous then you don't need to provide one.)

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Send your entry and speak out today!

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Saturday, September 17, 2016

Zimbabwe to Print its Own Version of the US Dollar

Zimbabwe Will Print Its Own Version Of The U.S. Dollar

Zimbabwe is about to start using its own version of the U.S. dollar. The country's central bank said Thursday it will start circulating "bond notes" by the end of October. It said it expects $75 million worth of these notes to be in use by the end of the year.

The southern African country has been using a mix of different foreign currencies -- and most importantly U.S. dollars -- since its own currency collapsed in 2009 during a period of hyperinflation.

​To ease its cash shortage problem and stop cash from flowing out of the country, the bank announced it would start printing "bond notes" in denominations of $2, $5, $10 and $20.

The country already has "bond" coins that represent U.S. dollar values. For each coin in circulation, there's an equivalent U.S. dollar held in the country's reserves




​"The bond notes will be at par with the U.S. dollar and will be used and treated in the same manner as bond coins," said John Mangudya, the governor of the Reserve Bank of Zimbabwe.

The collapse of Zimbabwe's economy has meant people have to buy almost everything from bottled water to toothpicks from abroad, and that means cash is constantly pouring out of the country.

The notes are not even in circulation yet, but they are already proving very unpopular.

Zimbabweans have been demonstrating against their introduction, fearing they might mean a return to the local currency.

The central bank has rejected that idea, saying the current economic conditions mean the country is not yet ready to go back to its own currency. Mangudya also said the notes won't be forced on people who do not like them.

CNNMoney (Harare, Zimbabwe)
First published September 15, 2016: 10:50 AM ET


http://money.cnn.com/2016/09/15/news/zimbabwe-own-us-dollar

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