Wednesday, April 10, 2024
"ABOUT ZIMBABWE CURRENCY" VIA BEARDED PATRIOTUSA TELEGRAM CHAT ROOM, 10 APRIL
LAKERFAN
Zimbabwe’s ZiG Currency Strengthens Day After Debut Even as it Roils Commerce https://www.bloomberg.com/news/articles/2024-04-09/zimbabwe-s-new-zig-currency-strengthens-on-second-day-of-trading
JON DOWLING
...w this on FB
The new Zim notes folks. Notice it says AA and pay to bearer of note on demand!
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Zimbabwe has reverted to the gold standard
While most countries abandoned the gold standard in the last century, some African nations are reconsidering its necessity to stabilize their economies. This month, the Zimbabwean dollar became the new "gold" currency. The need to switch to the gold standard has been a long-discussed issue in the country, with the Zimbabwean dollar experiencing a more than 500% depreciation, and the currency rate plummeting by over threefold in just the last three months.
The Zimbabwean dollar is a relatively new currency, established five years ago following the rise to power of the new president Mnangagwa. One of his first decisions was a complete overhaul of the national economy and financial system. This approach wasn't new for Zimbabwe: in the last decade, the country introduced and then removed from circulation ten independent currencies, each plummeting steeply and rapidly losing value.
Introducing the gold Zimbabwean dollar aims to stabilize the exchange rate and help the country combat endless inflation. Unfortunately for Zimbabwe, the gold standard might only last for a short period. The country's gold reserve currently stands at just one ton of gold, barely enough to cover one month of imports at current volumes. President Mnangagwa is trying to address this issue by seeking additional international aid and opening the country to foreign investors. Success, however, remains elusive.
Most international investors view Zimbabwe with caution, a country perpetually suffering from military coups and civil wars. Companies willing to consider investments are usually affiliated with military corporations and special services, posing a significant threat to the current president's regime. The viability of Zimbabwe's "gold" experiment will be tested over the next six months, as the country faces challenging negotiations with international creditors.
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Coffee with MarkZ and Andy Schectman. 04/10/2024
"RV UPDATE" BY WOLVERINE, 10 APRIL
Tues. 9 April Wolverine
“I have got some incredible news for you – the greatest transfer of wealth is about to commence. It is no rumor. I know it has been hard for all of you, but we are finally close to reaching the last hurdle. Get ready!!! I will soon be releasing the opera for you guys!!!
- For the people who say the ZIM is not good – if you want to throw away your currency, it is your currency, but please do not bring that negativity into the rooms, as it lowers morale. The people who throw this away will regret it for the rest of their lives.
- Zimbabwe is now a gold backed currency and that is what we were waiting for. It is the trigger to get it done. Zimbabwe is protected by the USA. It has tons and tons of gold. This is what was needed and what we have waited on for so long.
- This is the information that came through last night from many sources. We have been waiting for this for many years. Many countries will now be gold backed. This was the trigger we were waiting for!!!
- We will get paid this month, and I will actually take a risk, even though one should never guarantee things, as guarantee is a risky word, but this time, I am so sure it will happen!
- MarkZ said the 15th.
- I think this week will be a good week for the bonds, but for the currency, I am looking at the 15th of April.
- Regardless we are not far from Mon. 15th of April.
- Finally, now we can rejoice that this is happening – the greatest transfer of wealth the world has ever known. God bless you and remain faithful. Love you guys, Wolverine
"RV UPDATE" BY MARKZ, 10 APRIL
Mon. 8 April MarkZ
“There are a lot of rumors that banks have the new US gold-backed Currency Notes in their bank vaults ready for the GCR….On Mon. 8 April
"RV UPDATE" BY HOLLY, 10 APRIL
HOLLY
Bank story two I go into the bank today to a teller who I talked to about three months ago who was brand new and she spilled her guts. The first couple days that she started.
Asking me what currency I had and everything and I said yeah I had Currency… He says oh you’re gonna be one of our new millionaires, and I said I also had Zim she’s in said oh you’re gonna be one of our new billionaires and I went on with that
Today when I talked to her was talking about the new Currency coming out soon and she said yes….. and I said we should be exchanging it soon and then she said it was the next week….. look forward to seeing you next week exciting times coming.
I asked her if she had been trained on the new system QSF and she said yes and I said I told you you were gonna be trained on it . She laughed and said I know I just didn’t believe you until now.
Keep the faith everyone. This should give you some great encouragement!
-Hollyhttps://dinarevaluation.blogspot.com/2024/03/bank-story-2-from-hollys-room-15-march.html
From Holly’s Room:
Holly: I wanted to share two bank stories from a friend of mine in my room: ;
First bank story, I have been banking at a chase bank here in the Bay Area northern California for 20 years.
When I first started there there was a new clerk, just starting out as a teller….. over the years. I watch him go from teller to accounts of accounts all the way up to manager of the bank……, in the last two years, he has been promoted to be in charge of six banks in the area.
I don’t see him as often as I like to but a few years ago I talk to him about what’s going on…. he didn’t know much about it, but said he’d look into it and we talk later….
I’ve seen him a few times over the years, but they’re able to talk just waving each other as we go by….. two weeks ago I got to talk to him, walked in his office, closed his door and we start talking about things…. as time went on. I start talking to him about the exchange his eyes got real big and asked me about it.
I said yes if I had Currency I said yes and then he asked me if I had Zim I said yes and he goes. Oh OK you’ll be going to special place.
I said OK….
he said when that was over come back here and we’ll talk and I’ll help you out and take care of you, I was really excited about it.
