Zim Dollar to Be Introduced In June 2015, Dodgy Report Claims
The Zimbabwean dollar is to be introduced between 2015 and EARLY 2016 through a new ZANU PF plan, a random report claims as it lists several storage places already printed bills are said to be currently stacked at. The claims have been viciously denied by Finance Minister Patrick Chinamasa.
But the report said to have been leaked by a ZANU PF youth only surnamed “Mpofu,” quotes in staggering English, an RBZ Insider Staff saying the new Zimbabwean Dollar which is being printed in China, is already in the country and in top secret locations carefully guarded 24 hours a day.
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The Zimbabwean dollar is to be introduced between 2015 and EARLY 2016 through a new ZANU PF plan, a random report claims as it lists several storage places already printed bills are said to be currently stacked at. The claims have been viciously denied by Finance Minister Patrick Chinamasa.
But the report said to have been leaked by a ZANU PF youth only surnamed “Mpofu,” quotes in staggering English, an RBZ Insider Staff saying the new Zimbabwean Dollar which is being printed in China, is already in the country and in top secret locations carefully guarded 24 hours a day.
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The new Zim Dollar will come in form of $1;$2;$5;$10;$20;$50;$100 and $200 notes, it said.
According to the so called insider, the notes will see their rollout between June 2015 to early 2016.
It is alleged that the new bond coins are not being brought because of a shortage in change but just a ‘test’ to see how the Zimbabweans will fare with their own currency and for them to get used to using their own currency.
The bond coins will be used as the shorter version of the new currency.
The RBZ insider however refused to say whether the currency will be recognised at the world market thus being accepted as a valid currency by other countries since the bond coins are said not to be being recognised as ‘real money’ by the international community but according to local economy analysts, the government does not have the facilities and funds to produce an internationally valid currency.
This is evidently shown by the government’s woes in failure to adequately pay civil servants enough salaries to survive in this steady economy.
New Zimbabwe dollar back for good, denominations are: $2, $5, $10, $20, $50, $100, $200
The new printed currency, which is said to be warehoused at various high security locations in the capital, including Fidelity Printers and Refiners in Msasa comes in bank note denominations of $2; $5; $10; $20 ; $50 ; $100 and $200 according to Reserve Bank of Zimbabwe (RBZ), International banking sources.
Fidelity Printers and Refiners, is a subsidiary of the central bank, and the largest security and commercial printing company in Zimbabwe, which also specializes in buying gold.
A coin regime of 1cent; 5cents; 10c; 20c; and 50c reportedly accompanies the new notes.
“The new money is already in the country, but I cannot disclose to you where it was printed, because that was done abroad,” said the RBZ staffer. “We have many security locations in Harare where the new Zimbabwe dollar is being kept for security reasons.
According to the so called insider, the notes will see their rollout between June 2015 to early 2016.
It is alleged that the new bond coins are not being brought because of a shortage in change but just a ‘test’ to see how the Zimbabweans will fare with their own currency and for them to get used to using their own currency.
The bond coins will be used as the shorter version of the new currency.
The RBZ insider however refused to say whether the currency will be recognised at the world market thus being accepted as a valid currency by other countries since the bond coins are said not to be being recognised as ‘real money’ by the international community but according to local economy analysts, the government does not have the facilities and funds to produce an internationally valid currency.
This is evidently shown by the government’s woes in failure to adequately pay civil servants enough salaries to survive in this steady economy.
New Zimbabwe dollar back for good, denominations are: $2, $5, $10, $20, $50, $100, $200
The new printed currency, which is said to be warehoused at various high security locations in the capital, including Fidelity Printers and Refiners in Msasa comes in bank note denominations of $2; $5; $10; $20 ; $50 ; $100 and $200 according to Reserve Bank of Zimbabwe (RBZ), International banking sources.
Fidelity Printers and Refiners, is a subsidiary of the central bank, and the largest security and commercial printing company in Zimbabwe, which also specializes in buying gold.
A coin regime of 1cent; 5cents; 10c; 20c; and 50c reportedly accompanies the new notes.
“The new money is already in the country, but I cannot disclose to you where it was printed, because that was done abroad,” said the RBZ staffer. “We have many security locations in Harare where the new Zimbabwe dollar is being kept for security reasons.
Once the president authorizes it’s issuance, it will be in circulation within 24hours after the central bank governor makes a public announcement to that effect.
The only reason the new currency is being withheld, is to do with national security.
There was an intelligence briefing made to President Mugabe, about the dangers of removing the multi-currency regime without careful planning, as there was a likelihood of a mass revolt in protest of the Zimbabwe dollar, which many locals do not want to see especially at this moment.”
- See more at: http://ift.tt/1FiErg9
The only reason the new currency is being withheld, is to do with national security.
There was an intelligence briefing made to President Mugabe, about the dangers of removing the multi-currency regime without careful planning, as there was a likelihood of a mass revolt in protest of the Zimbabwe dollar, which many locals do not want to see especially at this moment.”
- See more at: http://ift.tt/1FiErg9
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