Springs Hmm...All eyes on the ZIM right now.
AWH Sounds to me like Zimbabwe may be doing their version of a RI in country, and we wait for the GCR/RV. No Rules
Prime > But the ROI is still going to be in your favor or whoevers favor if/when the Zim exchanges.
R.V. / GCR Timeline For The Global Currency Reset: http://youtu.be/UCOUIAQ5UNU
Kilo15 February 24, 2015 at 3:32pm 2-24-15 Millionday: ABADI IS TAKING CARE OF THE HCL -- FINISHING THE AMENDMENTS ACCORDING TO THE MEDIA.
IRAQ AND KURDISTAN HAS ACCEPTED WHAT HE HAS AMENDED.
THE AGREEMENT THEY MADE IS APPLIED IN THE NEW AMENDMENTS. IT CONTAINS THE DISTRIBUTION OF WEALTH AS AGREED -- GREAT NEWS.
THE LAW WAS SENT TO PARLIAMENT AS IS EXPECTED TO BE VOTED THROUGH.
[Do you think oil & gas law will be in parliament tomorrow (Tuesday)?]
THEY STATED THAT WHEN IT WAS READY THAT THEY WOULD BE HAVING AN EMERGENCY MEETING SO EVEN THOUGH IT IS NOT ON THE AGENDA...-- I WOULD NOT BE SURPRISED AT ALL.
[Did we get confirmation that the rest of the budget got into the Gazette?]
YES THEY ANNOUNCED THAT THE ENTIRE BUDGET HAS BEEN PRINTED --- ACCORDING TO A COUPLE REPORTS...SO ACCORDING TO THEM IT HAS AND IS TO BE ACTIVATED NOW AND DISTRIBUTIONS WILL BEGIN THE BEGINNING OF THIS WEEK.
[If the whole budget has been placed in the Gazette, doesn't that mean that the CBI has to fund it in the next 24 hours?]
NO IT MEANS THAT THEY WILL BEGIN AND THEY HAVE STATED THAT THEY ARE AT THE BEGINNING OF THIS WEEK.
Imagist > Don I am not challenging you or Millionday. Both of you know more than me.
All I am just saying I cannot find it. None of the links I have found show the second chapter. I believe they feel this gives them the right to stall.
Don > Imagist Think of it this way, they are holding their cards tightly to their chest. They are wrapping up last minute details in Parliament today.
They have already put the full Budget into the Gazette but have not released it to anyone else on the 2nd portion for the Public. It's a timing issue.
When they are ready to release the rates, the Public portion will become known. They don't want to give anything away until they are ready to reveal.
Security concerns are paramount here.
RodjiW > Don +1 infinity!!! Very well said, my good man! :) Plus, you don't want the whole world to know what's happening! It's like protecting ANY "investment". It's just good business sense... :))
R&R February 24, 2015 A PRETTY GOOD DESCRIPTION (IMO) OF HOW THE ZIM DEMONETIZATION IS/WAS SUPPOSED TO WORK
(This was written on July 25, 1014 by printed in The Zimbabwe Mail. If accurate, it is stated that the former CBZ Governor's original plan, per a speech he had given in Nov./Dec. 2008, was a 12-zero lop with a set exchange of US$1.00 to 20 Zimbabwe dollars. If so, then it would seem that rate in the article today of US$1.00 to 35,000 ZIM would be a 9-zero lop? Thoughts?)
Here's the part I am referring to from the piece. He writes in part (d) of his "open letter" to the Finance Minster, Patrick Chinamasa:
"If my memory serves me right, the then governor of the Reserve Bank in his monetary policy statement in November/December 2008, after slashing twelve zeros (trillions) for the last time, set Official Exchange rates of, 2 Z$s to 1 South African Rand(SAR) and 20 Z$s to 1 United States Dollar(US$). This was at a time when they were numerous parallel (black) markets exchange rates, which were not only generally large, but were also highly volatile and could change at an instant."
FULL LINK TO ARTICLE: http://www.thezimmail.co.zw/2014/07/25/demonetisation-of-the-zim-dollar/
For good measure, here's another article written in December 2014 regrding the delay in implemetating the demonetization and compensating Zimbabweans with U.S. dollars.
[wushock92] Tlar ...if they want the Iraqi's to trust banks again, they better not drag this out. This cannot continue for days ...I don't know what the holdup is but they better do it in the next couple of days or...reverse everything and re-start the auctions immediately...they can't stay where they are.
They need to pull the trigger now before people loose total trust in the banks again and all the goodwill they have been attempting to install in the population is destroyed. ...my thoughts on the staging rate has never changed.
I think it will be a managed float from a staged rate. That is what the 2008 Stategic Study suggested to the CBI as part of their summary.
I believe the Study is what they are following but that the rate suggested in it has been modified to fit the new facts on the economy and changes since 2008.
JJONESMX :A TWEET (RUDAW NEWS) I SEEN TO MAKE MY "RADAR PERK UP.... KEY WORDS ...*JJ*
Iraqi deputy finance minister: 250 billion Iraqi dinars is ready to be sent to KRG. But its been delayed due to lack of private jet.
PAPPA-J : Frankie , will you please call your friend and see if he will help these poor indigent souls!!!!!!!
Frank26: New forms of transportation came in this morning.