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

Request Now

TETELESTAI Notification List

The TETELESTAI (It is finished) email which will contain the first 800#'s will be posted first on a private page and will be sent out to everyone subscribed to the private page's feed.

If you wish to subscribe to the private page's feed, please visit the TETELESTAI page located HERE and access the private page.

If you're having trouble please give me an email at TetelestaiDC@gmail.com

(Note: The TETELESTAI post is the official "Go" for redemption/exchange.)

Guest Posting & Responding Now Available

Dinar Chronicles is now allowing viewers to guest post and respond to articles. If you wish to respond or speak your mind and write a post/article or 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"

- Proper grammar
- Solely write intel, rumors, news, thoughts, messages regarding Dinarland, Iraq, the RV, the GCR, NESARA/GESARA, the Republic, Spirituality, Ascension and anything that is relating
- Your signature/name/username at the end (If you wish to remain anonymous then you don't need to provide one.)

If you have any questions or wish to communicate with us then please give us an email at UniversalOm432Hz@gmail.com

Send your entry and speak out today!

Follow Dinar Chronicles by Email

Featured Post

Restored Republic via a GCR: Update as of Aug. 17, 2017

Restored Republic via a GCR Update as of Aug. 17 2017 Compiled 12:01 am EDT 17 Aug. 2017 by Judy Byington, MSW, LCSW, ret, CEO, Child Abus...

Friday, May 19, 2017

Zimbabwe: Mugabe Blocks Rand Adoption

Mugabe blocks rand adoption


ZimSitRep_M

Source: Mugabe blocks rand adoption – NewsDay Zimbabwe May 19, 2017

FORMER Finance minister Tendai Biti has disclosed that President Robert Mugabe in 2010 blocked the use of the South African rand as the official currency, possibly for fear of being politically subservient to his South African counterpart, Jacob Zuma.

BY TATIRA ZWINOIRA

Addressing a financial markets conference in Harare yesterday, Biti said Mugabe rejected proposals to adopt the rand way back in July 2010, arguing: “Why should we use another person’s currency?”

Ironically, this was at a time Zimbabwe was already using the United States dollar and a basket of other currencies, including the South African rand.

“So I went to my principal on July 10, 2010, Mugabe, and said (I used to call him sekuru) ‘Sekuru (grandpa), I think this (rand adoption) is a good idea’, (we used to be good friends) but nationalism came in the way,” Biti revealed.

“The simple question from him was: ‘Why should we use another person’s currency?’ And I said but the United States dollar is another person’s currency and nationalism just came in the way.

“Part of our problem is that we have to understand the importance of transitioning from certain values. Nationalism liberated us, but it was never designed to run economies.”

Biti, who now leads the opposition People’s Democratic Party, was responding to comments by economist and scholar Ashok Chakravarti, who had questioned why the rand was not being adopted as the main currency to solve the country’s current cash shortages, amid reports that less than $250 million was currently in circulation.

Zimbabwe has been using a basket of nine currencies since 2009 to stem hyperinflation, with the US dollar being the main currency.

Biti’s disclosures somehow vindicate Finance minister Patrick Chinamasa and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya, who both have been accused by analysts and currency watchers of frustrating the use of the rand.

In an interview with State broadcaster ZBC on the eve of his 93rd birthday in February, Mugabe claimed he had no idea why Zimbabweans were not using the rand.

“I don’t know why the Ministry of Finance, together with the RBZ, have not wanted to use other currencies. I have asked actually again and again kuti (that) why not euros, why not have yuan … why not have the rand alongside the dollar?

“At least, if we had the euro, I don’t think we have sanctions on the euro, but the euro is slightly more expensive than the dollar, but the difference is minimal,” he mused then.

Zimbabwe has been battling a cash crisis with analysts and business advocating the use of the rand to ease the shortages.

But Mangudya has been adamant that the rand will not be adopted as the main currency.

Reactions:

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