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 UniversalOm432Hz@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"

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Send your entry and speak out today!

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Featured Post

Restored Republic via a GCR: Update as of Nov. 16, 2019

Restored Republic via a GCR: Update as of Nov. 16 2019 Compiled 16 Nov. 2019 12:01 am EDT by Judy Byington, MSW, LCSW, Therapist ret, J...

Monday, June 24, 2019

Zimbabwe's Finance Minister Bans Foreign Currency

Zim dollars only: Finance minister Ncube bans foreign currency

13:19 24/06/2019 Memory Mataranyika

Foreign currencies are no longer acceptable as legal tender in Zimbabwe, with Finance Minister Mthuli Ncube saying Monday that the Zimbabwe dollar is now the only acceptable medium of exchange for local transactions.

This effectively sidelines the multiple currency regime that Zimbabwe has been using alongside the bond notes and the recently introduced RTGS$ currency. In a Statutory Instrument (SI) on Monday, the Zimbabwean Minister of Finance gazetted the official side-lining of the SA Rand, Botswana Pula and US Dollar as legal tender.

"The Zimbabwe dollar shall, with effect from 24th June 2019 … be the sole legal tender in Zimbabwe in all transactions," reads the SI.

The new finance measures have been legally effected under The Reserve Bank of Zimbabwe (Legal Tender) Regulations 2019.

"The British pound, United States Dollar, South African rand, Botswana pula and any other foreign currency whatsoever shall no longer be legal tender alongside the Zimbabwe dollar in any transactions in Zimbabwe."

It also notes that "the opening or operation of foreign currency designated accounts... shall continue to be designated in the foreign currencies with which they are opened and in which they are operated".

No tampering

Ncube has previously said free funds, and foreign currency accounts for Zimbabwean individuals, organisations and companies will not be tampered with. Zimbabwe is struggling for foreign currency and this has seen the embattled SA northern neighbour experience a financial crisis.

Officials have been battling against steep rises in parallel market foreign currency rates despite introducing an interbank market from which companies have to source foreign currency early this year. However, the interbank market has struggled for liquidity, amid rampaging exchange rates of as high as 1:10 for the RTGS$ against the US Dollar.

Last week, President Emerson Mnangagwa was quoted saying Zimbabwe will have its own currency by March next year. He had also heaped praises on Ncube for guiding Zimbabwe to a budget surplus, although he has been heavily criticised for this, especially in light of galloping inflation.

Source: fin24
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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