TNT
Harambe:
Bloomberg: Zimbabwe Central Bank to Settle $1.2 Billion of Legacy Debt
(2/17/20)
The Reserve Bank of Zimbabwe approved the payment of $1.2 billion in legacy debt, but rejected claims for a further $861 million as the nation battles the twin effects of currency depreciation and a crippling shortage of foreign currency.
Settlement of the verified foreign debt will be amortized over an extended period, “with forex-denominated savings bonds” being issued to some of the creditors, the central bank said in its monetary policy statement Monday.
The southern African nation owes foreign entities, including airlines, and fuel and grain suppliers, about $2.6 billion in legacy debt since it dropped the 1:1 peg of its local dollar to the U.S. unit a year ago, but hasn’t been able to meet payment obligations due to the severe shortage of foreign currency.
Another 350 transactions valued at $457 millionwill be finalized by Feb. 29, the bank said.
Senior government officials have previously said they would ask creditors to take a cut on some of the debt, to save on the much-needed foreign currency.
Foreign debt of $361 million owed by the bank was not included in the amounts, Governor John Mangudya said.
https://www.bloomberg.com/news/articles/2020-02-17/zimbabwe-central-bank-to-settle-1-2-billion-of-legacy-debt
Tishwash:
Parliamentary: Abdul-Mahdi will not settle in France for fear of being tried for the crackdown on demonstrators
Independent MP, Bassem Khashan, confirmed on Tuesday that the stability of resigned Prime Minister Adel Abdul Mahdi after the end of his presidency will not be in Iraq or France of his nationality, for fear of calling for his trial against the background of the crackdown on demonstrators, as he put it.
Bassem Khashan stated, in a press statement, that "Resigned Prime Minister Adel Abdel-Mahdi will not settle in France after the end of his assumption of the Prime Minister as he holds his nationality and according to its law is a French citizen, because he fears that he will be subjected to legal accountability from the French courts due to the suppression of the demonstrators in his state He was killed with accusations of taking responsibility, and we also rule out his stability in Baghdad, because popular demands can be pushed to his trial, and this is to be expected. "
Khashan added, "The safe haven for Abdul Mahdi will be the Kurdistan region because it has close and distinguished relations with the Kurdish leadership there, which has always praised its relationship with Abdul Mahdi in more than one forum."
The member of the Kurdistan Democratic Party, Repin Salam, had confirmed Thursday, January 30, 2020, that the relationship of the Kurds with the resigned Prime Minister Adel Abdul-Mahdi will continue even after leaving the post of prime minister.
Salam said in a press statement, "The relationship with Abdul Mahdi extends for the days of the opposition, and if he chooses to reside in the Kurdistan region, the gates of the region will be open to him, his family and all members of the Iraqi people."
He added that "in the event of an arrest warrant issued against him, the region respects the decisions of the Iraqi judiciary and cooperates with it and does not allow harboring people who have judicial warrants." He continued, "But there is a difference between what is issued against them arrest warrants based on political positions and targeting, these people are reserved for them, but the people who committed It is a crime that we hand them over, as happened with the person who was responsible for the ferry accident in the city of Mosul, where we handed it over to the Iraqi judiciary. "
The House of Representatives (December 1, 2019) voted on the resignation of Prime Minister Adel Abdul Mahdi. link
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2020 Dinar Chronicles
Harambe:
Bloomberg: Zimbabwe Central Bank to Settle $1.2 Billion of Legacy Debt
(2/17/20)
The Reserve Bank of Zimbabwe approved the payment of $1.2 billion in legacy debt, but rejected claims for a further $861 million as the nation battles the twin effects of currency depreciation and a crippling shortage of foreign currency.
Settlement of the verified foreign debt will be amortized over an extended period, “with forex-denominated savings bonds” being issued to some of the creditors, the central bank said in its monetary policy statement Monday.
The southern African nation owes foreign entities, including airlines, and fuel and grain suppliers, about $2.6 billion in legacy debt since it dropped the 1:1 peg of its local dollar to the U.S. unit a year ago, but hasn’t been able to meet payment obligations due to the severe shortage of foreign currency.
Another 350 transactions valued at $457 millionwill be finalized by Feb. 29, the bank said.
Senior government officials have previously said they would ask creditors to take a cut on some of the debt, to save on the much-needed foreign currency.
Foreign debt of $361 million owed by the bank was not included in the amounts, Governor John Mangudya said.
https://www.bloomberg.com/news/articles/2020-02-17/zimbabwe-central-bank-to-settle-1-2-billion-of-legacy-debt
Tishwash:
Parliamentary: Abdul-Mahdi will not settle in France for fear of being tried for the crackdown on demonstrators
Independent MP, Bassem Khashan, confirmed on Tuesday that the stability of resigned Prime Minister Adel Abdul Mahdi after the end of his presidency will not be in Iraq or France of his nationality, for fear of calling for his trial against the background of the crackdown on demonstrators, as he put it.
Bassem Khashan stated, in a press statement, that "Resigned Prime Minister Adel Abdel-Mahdi will not settle in France after the end of his assumption of the Prime Minister as he holds his nationality and according to its law is a French citizen, because he fears that he will be subjected to legal accountability from the French courts due to the suppression of the demonstrators in his state He was killed with accusations of taking responsibility, and we also rule out his stability in Baghdad, because popular demands can be pushed to his trial, and this is to be expected. "
Khashan added, "The safe haven for Abdul Mahdi will be the Kurdistan region because it has close and distinguished relations with the Kurdish leadership there, which has always praised its relationship with Abdul Mahdi in more than one forum."
The member of the Kurdistan Democratic Party, Repin Salam, had confirmed Thursday, January 30, 2020, that the relationship of the Kurds with the resigned Prime Minister Adel Abdul-Mahdi will continue even after leaving the post of prime minister.
Salam said in a press statement, "The relationship with Abdul Mahdi extends for the days of the opposition, and if he chooses to reside in the Kurdistan region, the gates of the region will be open to him, his family and all members of the Iraqi people."
He added that "in the event of an arrest warrant issued against him, the region respects the decisions of the Iraqi judiciary and cooperates with it and does not allow harboring people who have judicial warrants." He continued, "But there is a difference between what is issued against them arrest warrants based on political positions and targeting, these people are reserved for them, but the people who committed It is a crime that we hand them over, as happened with the person who was responsible for the ferry accident in the city of Mosul, where we handed it over to the Iraqi judiciary. "
The House of Representatives (December 1, 2019) voted on the resignation of Prime Minister Adel Abdul Mahdi. link
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2020 Dinar Chronicles
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