TNT, Frank, Pimpy and more Thursday Afternoon 4-15-2021
TNT:
Jambie67: Is anyone else’s about to burst with anticipation while crawling the walls and chomping at the bit ready for a new season and for this rv to finally happen, or is it just me? LOL!
Vinterv: Tony said they want it to go during Ramadan...the giving time.
Yada: The process is bring released. The element of surprise from those whose intent is to make a killing on the ri currency in country. ….I don't believe it will be much longer,,we are about to see this folks
Harambe: Bloomberg: Bank Fines, Suspensions Weighed by Zimbabwe for Currency Gouging (4/15/21)
Zimbabwe is considering penalizing domestic banks, telecommunications operators and other businesses over what the government describes as profiteering off the hard currency it makes available at auctions.
Lenders could face fines and suspensions, while companies that charge a premium for foreign exchange may be banned from participating in the auctions, central bank Governor John Mangudya said in a phone interview from the capital, Harare.
“All the malpractices will be targeted,” he said. “There’s no need to chase foreign currency as if it will run out.”
President Emmerson Mnangagwa on Monday threatened unspecified actions against “sharks in the financial sector,” according to the state-owned Herald newspaper, which said unidentified entities are profiteering at the public’s expense. The president’s comments were made during a wide-ranging interview he gave to state-owned television that will be aired on April 17 on the eve of Independence Day celebrations, the paper said.
Exchange Closed
Mnangagwa has previously issued warnings to private companies he blames for undermining his efforts to turn around an economy plagued by annual inflation of 241% and foreign-currency shortages.
Last year, his government closed the Zimbabwe Stock Exchange for five weeks and singled out the largest mobile operator, Econet Wireless Zimbabwe Ltd., for undermining the nation’s currency through its mobile-money service. Econet denied the allegations.
The impending action is an attempt to prevent manipulation of the foreign-currency auction system, according to the Herald. The system has provided over $800 million to companies since its introduction in June, though high demand for U.S. dollars by importers means that there is only a limited supply.
Monetary authorities met with the Bankers Association of Zimbabwe on April 12 to discuss “due diligence and know-your-customer requirements” in order to ensure economic stability, Mangudya said.
Ralph Watungwa, president of the Banker’s Association of Zimbabwe, didn’t immediately answer two calls to his mobile phone seeking comment.
Zimbabwe reintroduced its own currency in 2019 after a 10-year hiatus and has been battling bouts of high inflation and shortages of everything from foreign currency to food. The local unit, which was pegged at parity to the U.S. dollar as recently as February 2019, has plunged to 84 per U.S. dollar.
The gap between the official exchange rate and parallel market has widened by 36%, with a U.S. dollar selling for 115 Zimbabwean dollars on the streets of Harare.
************
Courtesy of Dinar Guru
Pimpy Article: "Al-Kazemi: The Central Bank reserves rise to more than $60 billion" this is good. Why is that? The more of the reserve dollars that they have, the more foreign currency they have in the reserves that...strengthens the dinar. This is awesome. It's good to see.
Frank26 There's still one or two who still don't understand...Phase One: 1 to 1 rate - inside of Iraq & outside of Iraq. There's a date they've established when they want to come out with the one-to-one rate inside of Iraq and outside of Iraq. Phase Two: Okay we've raised the value to 1 to 1, citizens are now coming in to the banks in Iraq...that's the only way they're going to get the new small category notes...When I told you Phase One and Phase Two IMO are complete one or two said 'Where is it? I don't see it...You're lying Frank. You're misleading us.' ...Phase 1 & 2 IMO are complete...about to be shown...it's electronic. It's digital. That means you can't see it just yet. But you know you're gonna see it... [Post 1 of 2....stay tuned]
Frank26 Phase Three I told you it was going to be a float...the article...said yeah we're [CBI} going to float it. You can't float it domestically. No it'll be fixed. That's exactly what we told you. That's exactly what they said...the only reason you're going to float it outside is because you raise the value inside. Bam! ...why haven't you floated it in the last 17/18 years? Because we're at a program rate...Why are you telling everybody you're gonna float? Because we're article 8. We've raised the value of our currency. We're about to show it all... [Post 2 of 2]
Is The United States a Corporation Rather Than a Country?
MainStream News Watcher: Feb 10, 2021
s the US a corporation that was incorporated by the city of London and the Vatican bankers? Are we, the people actually property of this fraudulent government?
What is the District of Columbia? Why does this government fly the maritime flag?
This video answers all these questions, and more.