What are Zimbaue's 'ZIM' Bonds?
By GUILLERMO HERRERA PLAZA is a Journalist -June 4, 2019one4144
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They say that the value of the Zim Bonds is astronomical . How can this be? The
story begins with the use of assets on the ground by the government of Zimbabwe
under the Mugabe regime. The assets were prostituted for personal gain. When a
puppet dictator tries to recover what he has sold to the dark clique, he and the
country will suffer. He is lucky he was not killed by his people.
Promising assets to back a bond before you own it is not only reckless, but it can
also destroy a country and bankrupt it . The real problem for the Reserve Bank
of Zimbabwe occurred when they used bonds as currency. The idea of using bonds
as currency was an attempt to mislead Zimbabweans to cre ye ran to a value that
did not exist in functional form.
ZIMBAUE TICKETS
Zimbabwean bills were four issues of Zimbabwean dollar bills (Z $) that circulated
from 1980 to April 12, 2009, replacing the Rhodesian dollar. They stopped
manufacturing due to the hyperinflation of Zimbabwe, which made this paper money
the most devalued in the world.
The Reserve Bank of Zimbabwe issued the majority of banknotes, including bearer
checks and � a gro checks,� which circulated between September 15, 2003 and
December 31, 2008, The � Standard Chartered Bank � also issued its own checks
emergency from 2003 to 2004.
The main theme of Banknotes of Zimbabwe was the " r geese balanced Chiremba",
which are igneous rocks that are stacked naturally in many parts of Zimbabwe, but
are particularly noticeable in the Matobo National Park located southeast of
Harare .
FAILURE
The Bonds are a value contract, entered into by the participating parties: the
seller and the buyer of the Bonds. The use of Value Bonds, promulgated by the
Government of Zimbabwe, was an attempt to create a belief in the value of the Bond
as currency. It didn't work or.
ZIM Bonds and expect some people have redeemed, had no expiration date, s or as a
promise to pay the bearer on demand. This printed promise to pay is a legal debt
to the nation of Zimbabwe. The assets in the field that were used to exchange the
bonds with money have not yet been obtained. Without the �present value� or the
cash to exchange the bonds, the bonds were useless from day one, they could not be
exchanged for real money such as USD, Chinese Yuan or South African Rand.
SCAM
The government pressured as valuable, but people soon realized that he had been
Deceive to . They quickly became wall paper or an interesting novelty for
numismatics or collectors of rare things. The issue of ownership of the asset in
the field also became a major problem for the Zimbabwean government. Offshore
ownership of assets on land was never transferred to Zimbabwe in order to secure
the claim of ownership of the assets. Without a valid claim your Bond issue was
fraudulent.
They were sanctioned by the international community and with no money to redeem,
the bonds became useless, as mentioned, not only internationally but also in the
country. The US legislature UU. He tested the ZEDRA bill that returns the assets to
Zimbabwe (As if they had legitimate ownership and control of the assets of other
countries. Again the tentacles of the dark clique; establishes a dictator, obtains
ownership of the assets of the countries and see how the country destroys itself.)
This act of re-transmission of property begins the legitimate use of assets on the
ground to support these Bonds.
HISTORIC CONTEXT
On April 18, 1980, when the new independent republic of Zimbabwe was born from the
former British colony of Rhodesia, the Rhodesian dollar was replaced by the
Zimbabwean dollar, with exchange parity (an old Rhodesian dollar was equivalent to
a Zimbabwean dollar ).
The Zimbabwean dollar was worth 1.59 US dollars. Since the introduction of land
reforms in the early 1990s, hyperinflation and the sinking of the Zimbabwean
economy have severely devalued the Zimbabwean dollar.
Criticisms of President Robert Mugabe pointed to his land reforms focused on
confiscating land managed by whites to redistribute them to the black population.
The government argued that the main reason for the food production debacle is that
the new owners lacked knowledge to achieve good farm productivity. They also lacked
capital to invest in farms and lacked financial knowledge to sell their products in
national and international markets.
INFLATION
Hyperinflation in Zimbabwe has persisted since the early 2000s, shortly after the
confiscation of agricultural land in the hands of the white minority by the
Zimbabwean government and its refusal to pay debts to the International Monetary
Fund.
November 2008 data estimated that Zimbabwe's annual inflation rate was 89.7 billion
percent (that is, prices doubled every 24.7 hours).
In April 2009, Zimbabwe abandoned the impression of the Zimbabwean dollar, causing
the South African rand and the US dollar to become the official currencies for
exchange. Currently in the markets and among the general public, only US dollars
and South African rands circulate.
COINS
On December 18, 2014, the issuance of the Zimbabwean bond currencies (bond coins)
consisting of a series of dollar cents began, with the authorization of the
Reserve Bank of Zimbabwe, due to the shortage of exchange in this country.
Currency bonds are metallic money, issued in denominations of 1, 5, 10 and 25
cents, which have parity with the US currency. This series was added the 50 cents
coin in March 2015.
The issuance of these currencies is due to the shortage of fractional exchange that
takes place due to the lack of a seigniorage agreement with the United States,
South Africa, or any of the other countries whose currencies are being used in
Zimbabwe since 2009 (including the euro, the pound sterling and the pula). It was
in that year when this country adopted a system of multiple foreign currencies
after removing its own monetary unit from legal tender due to strong
hyperinflation.
The Zimbabwean economy is going through a very fragile stage and is too small to
face interest payments, so the country chose to implement a multi-currency system
based on the US dollar. However, this provision resulted in the acute absence of
small currency exchange.
WITHDRAWAL
On June 12, 2015, the government empowered its central bank to withdraw the
devalued Zimbabwean dollar from circulation, and authorizes the use of strong
currencies, such as the US dollar, the South African rand and the euro. With this
measure, it seeks to provide an apex of strength to the economy, as well as to
overcome hyperinflation, which is achieved in a few months. The official exchange
rate was ZWD $ 35,000 million for a single US dollar.
In 2016, trade was affected by the absence of change for retail, so the Central
Bank of Zimbabwe had to issue bonus money, which, despite providing liberating
force in the payment of obligations, does not allow to meet the obligations
contracted by local inhabitants abroad, becoming more hated than their predecessor.
In 2017, there were strong withholdings for the use of foreign currencies within
Zimbabwe; so much so that the withdrawal at ATMs has been limited to US $ 150, as
well as only payments and electronic transfers in foreign currencies are allowed
inside, but cash payments, money orders and payments are not allowed electronic in
foreign currencies to services and suppliers abroad.
FINAL REDEMPTION
The next problem was the Sextillions or more of the funds needed to redeem the
outstanding Zim bonds. But the NPTB, ( ancestral inheritance of the ancient
Chinese emperors) along with the sovereign Chinese Elders and their gold,
through an agreement and contract, bought Zimbabwe's assets on the ground, and
promised their gold-backed currencies to the Holders of Bonds to redeem the Bonds.
In addition, the exchange or exchange of Zimbabwe bonds will specifically free
Zimbabwe from its national debt.
The G overnment Zimbabwe has become legitimate again, and is ready to begin his
rise from obscurity to a powerful country and internationally recognized. All of
Africa will take its rightful place as an economic giant, and the new basket of
the world's food source.
As the governments of all countries that signed up for the QFS Quantum
Financial System and the support of gold coins, and the community of nations that
comply with Gesara, are making the necessary changes under rope, we are on the
verge of the most critical event of the history of the world, the revaluation of
currencies.
In the world there are currently 194 sovereign countries, that is, countries
recognized by the UN with self-government and complete independence. Some places
like Taiwan, Kosovo or the Vatican are not included in all balance sheets, as they
are not identified as independent countries on many occasions. On the other hand,
there is also some confusion about the consideration of some areas attached to
other regions, such as Northern Ireland or Bermuda. That is why the information
about Gesara sometimes speaks of 206 or 209 countries, because unofficial countries
are included. This is the explanation of the mystery.
