by Ssmith Sun Dec 17, 2017 12:01 pm
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Steff Rowe I have several prime examples of the ZIM being exchanged. First of all on the ZIM Bond Notes you'll see that it says "I promise to pay the bearer on demand". This makes it a BOND which means it is a loan that you have Zimbabwe when you purchased the note and they are obligated to pay it back when it matures to an appropriate value based on the assets it is measured against in the country.
As of right now I can call a few people who were able to redeem the ZIM into SKRs. And all of them have been told they would be made liquid between today and Tuesday. And many who redeemed earlier have been able to take out substantial loans against the value of the ZIM they turned in for their exchange. |
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