Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeYesterday at 6:02 am by Ditartyn

» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeSat Mar 23, 2024 9:25 am by swizzlestick

» ZIGPLACE
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeWed Mar 20, 2024 6:29 am by Zig

» CBD Vape Cartridges
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeThu Mar 07, 2024 2:10 pm by Arendac

» Classic Tony is back
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeTue Mar 05, 2024 2:53 pm by Mission1st

» THE MUSINGS OF A MADMAN
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeMon Mar 04, 2024 11:40 am by Arendac

»  Minister of Transport: We do not have authority over any airport in Iraq
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeMon Mar 04, 2024 11:40 am by Verina

» Did Okie Die?
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeMon Mar 04, 2024 11:34 am by Arendac

» Hello all, I’m new
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeWed Jan 31, 2024 8:46 pm by Jonny_5

» The Renfrows: Prophets for Profits, Happy Anniversary!
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeWed Jan 31, 2024 6:46 pm by Mission1st

» What Happens when Cancer is treated with Cannabis? VIDEO
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeWed Jan 31, 2024 8:58 am by MadisonParrish

» An Awesome talk between Tucker and Russell Brand
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeWed Jan 31, 2024 12:16 am by kenlej

» Trafficking in children
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeMon Jan 29, 2024 7:43 pm by kenlej

» The second American Revolution has begun, God Bless Texas
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeMon Jan 29, 2024 6:13 pm by kenlej

» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeSun Jan 28, 2024 3:28 pm by Mission1st

» Tucker talking Canada
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeWed Jan 24, 2024 6:50 pm by kenlej

» Almost to the end The goodguys are winning
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeMon Jan 22, 2024 9:03 pm by kenlej

» Dinar Daily Facebook Page
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeMon Jan 22, 2024 3:34 pm by Ponee

» The Fundamentals of Finance and Pimpy Live
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeThu Jan 18, 2024 7:17 am by Dinarhater

» Why Won't the Iraqi Dinar Scam Die?
 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 I_icon_minitimeWed Jan 17, 2024 5:19 pm by RamblerNash

Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19

Go down

 Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19 Empty Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19

Post by Ssmith Sun Mar 31, 2019 9:10 am

By Judy Byington

It would be safe to say that no one held Zim Currency to exchange because the Zim Note in digital form with an assigned rate of around $3 to 1 USN, would not be introduced until April 1.

The value of your Zim Bonds was not yet known, though it was said that you could ask for whatever rate you needed to do your humanitarian project.

It was my understanding that the proceeds from Zim Bond redemption must be dedicated to humanitarian work, while the earned interest from your Zim redemption held at the bank during your payout period could be used for whatever you wished.

The interest rate you received would be based on how much Zim you redeemed and how long you agreed for your payout period (the more Zim you had and the longer the payout period you agreed to, the higher interest rate you would likely receive).

While your redemption monies were not taxable, your earned interest off those monies would be taxable - unless you decided to invest your earned interest into Zimbabwe or other approved nonprofit humanitarian projects. The earned interest from monies dedicated to Zimbabwe humanitarian was said to be 7% and would be tax free.

Information about Zimbabwe and other humanitarian projects you could invest in would be available at your redemption appointment.

*****************
>>>TNTBS's YouTube Channel<<<
Ssmith
Ssmith
GURU HUNTER
GURU HUNTER

Posts : 20495
Join date : 2012-04-10

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum