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Zimbabweans mend shabby dollar notes amid economic crash
By Farai Mutsaka
via Washington Post
Friday, November 13, 2020
HARARE, Zimbabwe -- Albert Marombe takes a grimy, tattered $1 note and delicately, expertly glues it back into one piece, holding it up for inspection.
"I don't care how torn it is. All I want to see is the serial number being visible on both sides," said Marombe. He'll sell that shabby $1 note for 80 cents and it will get back into circulation. Many shops will reject it but market traders will take it, although at a reduced value.
... Dispatch continues below ...
Asante Gold Announces Kubi 3D Model
Extends Gold Mineralizing System
Company Announcement via Globe Newswire
Thursday, July 2, 2020
VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE:ASE / Frankfurt:1A9 / U.S.OTC: ASGOF) has received the results of 3D magnetic modeling completed over its Kubi mining lease in the Ashanti Gold Belt in Ghana.
The results show that the Kubi Main Zone gold resource is intimately associated with and interfingers the western sheared contact of a magnetic high feature that plunges to more than 2 kilometers in depth. Here is the 3D model video:
In Ghana, Africa's largest gold producer, many big mines are located along northeast-trending regional shear systems that exceed 250 kilometers in length. Studies indicate that the hydrothermal gold mineralizing system that generated the Ashanti Gold Belt deposits was "gigantic and extended to at least 10 to 15 kilometers in depth" (Schmidt Mumm et al., 1996). The Ashanti shear zone hosts the largest single gold resource in Ghana, the 66-million-ounce Obuasi mine. This major shear zone cuts Kubi 15 kilometers southwest of Obuasi. ...
... For the remainder of the announcement:
Worn out or shredded by rats, $1 notes are king in Zimbabwe, which is beset by a continuing economic crisis. One-dollar bills are used by many people to buy their daily bread and other small purchases. Crisp new notes are not coming into Zimbabwe, so enterprising traders are repairing old ones for desperate customers.
Formal businesses reject such notes, forcing people to sell them to traders like Marombe for a fraction of their original value. Informal street markets will usually -- with some negotiation -- accept the glue-patched notes that Marombe sells for transactions. Zimbabwe's booming informal economy employs about two-thirds of the population, according to the International Monetary Fund, so there are lots of such dirty dollars in circulation. ...
... For the remainder of the report:
Toast to a free gold market
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