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Showing results for tags 'zimbabwe.'.
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Luigi found this article of Z Note holder's interests... Zimbabwe declared the 2008-09 series Promissory Trillion Z Notes a dead currency in 2014. That is illegal. Zimbabwe is the wealthiest nation on earth & must honor the notes. Zimbabwe must honor the Z as it is a legal tender Promissory note. Joey McHale: I read this earlier... The Zim 2008-2009 printed Trillions Series aren’t fiat money, they’re “Promissory Notes”. Each & every note says “Promise to pay the bearer on demand”. Therefore it is illegal in every country per UCC law not to honor. All the Trillions Series must be removed from circulation only after a legally mandated set in stone publicly advertised redemption of “Zimbabwe Trillions Series” note redemption period paid only by legal tender of the country you are redeeming in, all of which has yet to take place by law. It is 100% illegal to lop any zeroes off any financial instrument with this promissory note language, which ALL NOTES on the Trillions Series have. PERIOD. IMF created the Trillions Series for Zimbabwe in the first place in 2008 printing stopped early in 2009. IMF has ascertained in writing that Zimbabwe has the highest wealth of all 209 nations in the new worldwide financial system which is SOLELY based on in ground assets up to 22 miles deep. Zim as calculated by IMF prior to the signing of the GCR by all 209 nations in December 2016. The redeeming staff at your RV appt will negotiate with you on your rate, they have to buy UCC Law since it’s a promissory note. After Zimbabwe has conducted worldwide PUBLIC notification and held a worldwide redemption period for the PUBLIC only then can the Trillions Series be declared VOID by law. Period end of discussion. Anything else is illegal and the note holder may bring suit. IMF ascertained Zimbabwe’s wealth in the new Quantum Financial System to be 125,000x greater then the United States. So there’s no way Zimbabwe will be allow to get away scot free not honoring some of their Trillions Series in a public redemption period of at least 30 days by UCC law. Don’t argue with your redeemer be very nice but inform them by handing them this on a sheet of paper when stating the amount of money you are requesting.
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from another source.... HARARE Zimbabwe (Xinhua) -- The Reserve Bank of Zimbabwe (RBZ) has commenced the process of demonetizing the Zimbabwe dollar using the United Nations rate as the exchange rate.Zimbabwe abandoned its hyperinflation ravaged currency in 2009 when it adopted multiple currencies that include the United States dollar, South African Rand, British Pound, Australian dollar, Chinese Yuan and Japanese Yen. The RBZ has set aside 20 million U.S. dollars for the demonetization exercise, which is expected to be completed by end of this month. The exercise will ensure that the Zimbabwe dollar is decommissioned and will allay fears of its return. The move is also expected to boost confidence in the banking sector. In a notice Wednesday, the RBZ said on the notes issued in 2009, walk-in customers will be paid 2 U.S. dollars for 500 Zimbabwe dollars, 40 U.S. cents for 100 Zimbabwe dollars, 20 U.S. cents for 50 Zimbabwe dollars, 8 U.S. cents for 20 Zimbabwe dollars, 4 U.S. cents for 10 Zimbabwe dollars and 2 U.S. cents for 5 Zimbabwe dollars. On the notes issued in 2008, 40 U.S. cents will be paid for 100 trillion Zimbabwe dollars, 20 U.S. cents for 50 trillion Zimbabwe dollars, 8 U.S. cents for 20 trillion Zimbabwe dollars and 4 U.S. cents for 10 trillion Zimbabwe dollars. The move is meant to cater for those who were not banked during the hyperinflation era but are still stuck with Zimbabwe dollars. A minimum of 5 Zimbabwe dollars will be paid for those who had Zimbabwe dollar bank accounts as of December 2008 regardless of whether or not there was any credit in their bank balances. The UN rate of one U.S. dollar to 35,000 Zimbabwe dollars will apply on remaining balances. Despite attempts to control inflation by legislation and three re-denominations in 2006, 2008 and 2009, use of the Zimbabwean dollar as an official currency was effectively abandoned on 12 April 2009 due to skyrocketing inflation. LINK Publicado por Dinaresgurus.blogspot.com FORO DINAR GURUS en 3:55 AM Luigi says.... The IMF has the power to force Zimbabwe to at the very least pay the face value or break even point of the value of the Z at the time of exchange. What say you?
