TNT

  In TNT

Systema:  Well today’s call was awesome.  I took Tony’s call to heart and once work was done went to my bank.  I tell the teller I want to buy 8 million dong.  She looks at the screen with a strange expression.

She tells me that there is no rate showing and that it’s blanked out.  I tell her I still need to make the purchase and to figure out a price.

She says she will call and get a price over the phone.  Minutes later she tells me “I’m sorry I’m told it’s blanked out because we are not allowed to sell it anymore”.

I nearly crapped my pants. I gave her a huge smile and said thanks for trying your best.  She was expecting me to be pissed I guess.  This is no little branch in the middle of no-where.  It was the TD Canada Trust in Pickering Ontario Canada.  I have never had this happen before buying dong and I’ve been buying it for a decade.

Tony has said many times before…they will stop sale of the currencies when they are about to pop the RV.  I sure hope these are our final days.

Harambe:  Bloomberg: Zimbabwe’s Maligned Dollar Catches Break on Central-Bank Action  

(10/21/20)

The currency is heading for back-to-back months of gains for the first time since it was re-introduced 18 months ago.

Zimbabwe’s measures to stabilise the country’s currency are finally paying off: the local dollar is heading for back-to-back months of gains for the first time since it was re-introduced 18 months ago.

This comes after the southern African nation’s central bank introduced weekly foreign-currency auctions and cracked down on mobile-money transactions, blamed by authorities for undermining the currency.

The Zimbabwe dollar slumped to 83.39 per US dollar on August 26 after being re-introduced at around Z$3 in March last year. It strengthened 2.3% in September and has edged another 0.1% higher to Z$81.35 on Wednesday, according to central-bank data.

The currency has also strengthened on the black market, where the premium for US dollars, once more than 100%, has narrowed to between 15% and 20% as companies turn to official channels for foreign exchange.

A local website which tracks black-market rates, marketwatch.co.zw, put the street rate at Z$100 per U.S dollar on Wednesday, down from a peak of Z$120. In an Oct. 12 statement, the central bank’s monetary policy committee said stability was achieved after it alloted a combined $291 million at 16 foreign currency auctions since their introduction on June 23.

https://www.bloomberg.com/news/articles/2020-10-21/zimbabwe-s-maligned-dollar-catches-break-on-central-bank-action