Entry Submitted by Zack T at 1:41 PM ET on April 7, 2022
Thank you for your reply. Actually you could actually go to Zimbabwe and they would honor your Zim bonds at face value. As l think you probably know, a bond is a loan. On Zimbabwe’ books they are posted to the liability side of their ledger. For that reason Zimbabwe wants these double A 2008 bonds redeemed as ASAP so they can get them off their books! Your comment about this “kicking can” wait we are in is spot on! I will not pretend that l know what the hell is going on here. What l do know is that it makes very little sense and is very frustrating and the country of Zimbabwe along with several others including China are not happy! One of the things that concern me even more than the waiting is the reaction that will occur at the redemption centers when people who have been waiting and know nothing about the requirements governing the redemption of these bonds find out that the bonds that they hold and have built their dreams around do not qualify for redemption! What will their reaction be???? Not good! Maybe even dangerous! I do not understand why more people are not talking about this? It seems to me that this is a subject that needs to be aired out before redemption day. Lastly, l am a realist when it comes to politics finance, and military matters. I do believe if you have the 2008 AA bonds you will receive every penny owed but only if you diplomatically insist! Why do l think that? Because if they don’t give you the face value they WILL be breaking the law! They will not risk dealing with the suits that will be brought if they break the law! The powers that “now are” know that this is going to be a big problem if not handled correctly and with integrity and respect! The banks have always been against paying full value on those bonds. But the banks have finally been defanged! The world has changed and is still changing. I am willing to bet that you and others like you will get ALL that you are owed and deserve. Just stay strong around this issue.
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