Latest topics
Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19
Page 1 of 1
Zim Currency vs. Zim Bonds: Earning Interest off your Redemption 3/30/19
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.
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- GURU HUNTER
- Posts : 20495
Join date : 2012-04-10
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Yesterday at 6:02 am by Ditartyn
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Mar 23, 2024 9:25 am by swizzlestick
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee
» The Fundamentals of Finance and Pimpy Live
Thu Jan 18, 2024 7:17 am by Dinarhater
» Why Won't the Iraqi Dinar Scam Die?
Wed Jan 17, 2024 5:19 pm by RamblerNash