KTFA

  In Uncategorized 

Walkingstick:  Official working disabled on Wednesday in Iraq

By Mohammed Emad 22/12/2015 10:45 |Brother – Baghdad

The General Secretariat of the Council of Ministers, on Tuesday, the disruption of the official working hours on Wednesday.

The Secretariat said in a statement received for News Agency (et), a copy of which he “decided to disable the official working hours in all state institutions, on Wednesday approved the 23 of December 2015.”

The Secretariat added that “This came on the occasion of the birth anniversary of Prophet Mohammad.”

And the Prophet’s birthday or birth of the Prophet is the day of the Messenger of Allah Mohammed bin Abdullah generator may Allah bless him and where celebrated by Muslims every year not as a holiday, but the joy of the birth of the Prophet Mohammed bin Abdullah, where the popular celebrations of the beginning of the first month of spring begin to end, and that the establishment of the councils sing poems praising the Prophet, and where lessons from his biography, said merits and provides the food and candy.

http://www.khabaar.net/index.php/permalink/54294.html

************

Mountainman:  Well Hello…..???WHAT does ZIMBABWE have to offer CHINA that they would PAY OFF their debt??? (see article below)

Hmmm…….ALOT of WEALTH/Resources……As the GLOBAL TRADE….TURNS…….IMO….A Basket will Make ROOM for Your Future……Otherwise The IMF and Many Countries wouldn’t give You the TIME of DAY or NIGHT for that Matter…..

KEEP your EYE on China……for they they are KEEPING their EYES……On……MANY!!!!!!! IMO…of Course   Blessings,Mountainman

************

Walkingstick:  Zimbabwe to adopt Chinese yuan as legal tender in debt write-off
Published time: 22 Dec, 2015 10:05

Edited time: 22 Dec, 2015 10:26

The Chinese yuan may soon become a legal currency in Zimbabwe after Beijing confirmed it would cancel the African country’s $40 million debt.

They [China] said they are cancelling our debts that are maturing this year and we are in the process of finalizing the debt instruments and calculating the debts,” said Patrick Chinamasa, Finance Minister of Zimbabwe.

He added that the country plans to increase local use of the yuan which was added to Zimbabwe’s basket of currencies last year. A multi-currency system has been in operation for the last six years, with the South African rand and US dollar in use since hyperinflation in 2009. At the peak of the crisis, the local currency became almost worthless, with 35 quadrillion Zimbabwean dollars equaling one US dollar.

The yuan hasn’t been approved yet for public transactions in the Zimbabwean market which is currently dominated by the US dollar.

Use of the yuan “will be a function of trade between China and Zimbabwe and acceptability with customers in Zimbabwe,” said Chinamasa.

According to the finance minister, Chinese tourists could start paying for services in yuan and Zimbabwe could use the currency to pay its loans to China.

The minister added that the central banks of the two countries are already negotiating on a yuan clearance system.

“There cannot be a better time to do this. It is now about looking at the modalities, specific sectors and how it can be done,” said Chinamasa.

China is one of Zimbabwe’s biggest trading partners and is the country’s largest investor. Annual bilateral trade between the two has risen from $500 million in 2010 to $1.24 billion in 2014. In the last five years, Harare received more than $1 billion in low interest loans from Beijing.

Early in December, during a four-day tour of Southern Africa, Chinese President Xi Jinping met with Zimbabwe’s leader Robert Mugabe. They signed ten economic agreements, including a $1 billion loan from China to expand Zimbabwe’s largest thermal power plant.

President Mugabe adopted a “look East policy,” following Zimbabwe’s isolation by former Western trading partners over the country’s human rights record.

https://www.rt.com/business/326743-zimb … ebt-trade/

Comment