15th March 2023 - Russia RT Today
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This is an interesting perspective that could possibly benefit most Zimbabweans, PROVIDED that Zanu PF acted like a proper Government {a big ask indeed, their past performance would suggest all they are seeking is new methods to continue with "DEM LOOT"} However, given the emerging banking crisis in the USA, the weakening USD - this would tie Zimbabwe's currency with the SA Rand and the Chinese Renimbi - attractive ideas {with due regard to the debts to the Chinese! BUT -- IF CARRIED OUT WITH THE NATION'S and CITIZEN'S BEST INTERESTS!! |
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18th March 2023: Comments by John Burke, ZHRO with his Economist hat on! |
The central banks of Russia and Zimbabwe should establish settlements in local currencies and look at opportunities for securing trade in gold reserves, the speaker of the Zimbabwean ruling party ZANU-PF,
Christopher Mutsvangwa, told RIA Novosti on Wednesday {15th March 2023}.
The southern African country has been under Western sanctions for 22 years, the official noted, adding that curbs imposed on Russia should not handicap trade between the two countries. Earlier this year, Russian Foreign Minister Sergey Lavrov announced that Russia and countries in Africa were developing a cooperation strategy to replace the US dollar and the euro in settlements, adding that the parties were preparing documents on rearranging the mechanism of cooperation under Western sanctions.
“Our banks should find a way to make the Russian ruble and the Zimbabwean dollar freely convertible. {Only if their valuations are compatable JB ZHRO} Also, our countries both have rich gold reserves.{again, let them do this for the Nation not the elite within Zanu PF JB ZHRO} We are among the top seven countries in terms of gold mining, and production volumes are growing. We are now mining 35 tons per year, but we could mine all 50. So we could think about securing our trade in gold reserves,” {to be fair that is a good idea - but contingent on previous comments JB ZHRO}
Mutsvangwa suggested. Russia wants to trade with African countries in local currencies – Lavrov
The official went on to say that “nothing could derail” trade between Moscow and Harare, noting that China, India, and Middle Eastern nations were also moving towards abandoning the dollar in settlements.
The politician also proposed establishing more banks that use alternative payment systems to replace the West’s SWIFT messaging system. He noted that trade in dollars was “a limiting factor” adding that Russia and African nations should set up “more banks outside of the US-run global SWIFT banking system.”
Moscow has been steadily pursuing a policy of de-dollarization in foreign trade. In recent years, Russia and some of its trade partners, including India and China, have been ramping up the use of domestic currencies in mutual settlements in an effort to move away from the dollar and euro.
Links to Russia’s new trade partners in African countries, including Zimbabwe, have been quickly taking shape in recent years. In 2019, Russia hosted the first Russia-Africa Summit, with participants outlining priority areas for economic cooperation, security, culture and science.
Earlier this year, Russian Foreign Minister Sergey Lavrov said that “more than a dozen” nations have expressed an interest in entering the BRICS alliance.
They include Algeria, Argentina, Bahrain, Bangladesh, Indonesia, Iran, Egypt, Mexico, Nigeria, Pakistan, Sudan, Syria, Türkiye, the United Arab Emirates, Venezuela and Zimbabwe.
The second summit is scheduled to take place in St. Petersburg in July.
HARARE – Picking up the report above from RT on 16th March 2023 Reported this in The Zimbabwe Mail - see LINK
Zimbabwe considers the group a new force in international relations, a senior politician says The Zimbabwean government would like to become a member of the BRICS economic bloc, the speaker of the ruling party ZANU-PF said on Wednesday.
“We made it clear that we would like to become a member of the BRICS,”
Christopher Mutsvangwa told Russia’s RIA Novosti news agency.
The official added that his country is interested in developing alternatives to the Western-dominated SWIFT payment network. In his view, BRICS could contribute to that. Mutsvangwa described BRICS as a new force in international relations, and said he hopes its growth and expansion will continue.
The five BRICS nations – Brazil, Russia, India, China and South Africa – account for more than 40% of the world’s population and nearly a quarter of global GDP. Earlier this year, Russian Foreign Minister Sergey Lavrov said that “more than a dozen” nations have expressed an interest in entering the BRICS alliance. They include Algeria, Argentina, Bahrain, Bangladesh, Indonesia, Iran, Egypt, Mexico, Nigeria, Pakistan, Sudan, Syria, Türkiye, the United Arab Emirates, Venezuela and Zimbabwe. Source – Russia Today {as censored by web search by google and uck duck go as well.
BRICS on Wiki and also Egypt to Join BRICS as backgrounds to consider
