Chief Matere🇿🇼

Humanitarian,Supply Chain Specialist,Elder.

[† The Way of Peace † @GodBibleChurch]

"For it is by grace you have been saved, through faith—and this is not from yourselves, it is the gift of God." Ephesians 2:8

[Tinashe @baba_nyenyedzi]

Barbarians at the Gate.

In which every Zimbabwean must support the Governor of RBZ. At least in this particular round.

The Facts.

As of March 2023, Zimbabwe Nostro TOTAL DEPOSITS were US$2bn of which it was supported by US$1bn in actual physical cash and cash held in foreign banks offshore. The difference between Total deposits and cash is CREDIT DEPOSITS of US$1bn. That is money created by the banks. At 50% ratio this is a VERY HEALTHY position. At least as of end March 2023.

What was notable over the year of March 2022 to March 2023 is that actual physical USD cash has gone down from US$539m in March 2022 to US$457m in March 2023. The decline in the cash of US$82m was replaced by an increase in cash held offshore of approx US$80m.

The Nostro balances in the overall banking system are safe. But the overall may not be true for individual banks. As an analyst I will not speak to individual banks positions.

But, there is a real threat to the NOSTRO system from two principle sources.

I will assume banks don’t go on their own frolic in announcing new measures without the knowledge of their regulator. Banks are trying to protect the system so that it actually works. However the threat to the system is from two particular fronts;

(a) Civil servants salaries &
(b) BARBARIANS AT THE GATE

Civil servants USD salary transfers from Treasury IF NOT backed by real USD are a problem. The salary payments range from US$100m to $150m monthly. Civil servants with a high marginal propensity to consume would quickly withdraw USD cash. Meaning they are replacing real USD with credit or local nostro that can’t buy beyond our borders.

Yet it’s safe to assume that ZIMRA does have real USD from exporter taxes at least significant enough to back the civil servants salaries.

The big worry is the Barbarians at the Gate.

Whenever the official exchange rate moves the way it has done, the threat of shenanigans rises. Remember I spoke of GOZ supplier “credit balances” that works in the same way as bank credit.

The GOZ contractors owed by GOZ in ZWL will claim that they supplied goods to GOZ six months ago when the rate was 684. They would want their balances to be converted into USD at the six months ago rate of 684 when goods were supplied. Turning their ZWL to USD.

I am not in anyway saying this is happening but this is a real threat to Nostro. Turning ZWL balances to USD. In the past the SaKunda TB’s allegedly had this impact into the system. IMF widely reported to have warned GOZ and RBZ that this is what crashed the monetary system back in 2019. After the official rate had been devalued.

Sound familiar?

It’s within good reason for RBZ and The banking sector to protect their unsuspecting clients from nostro credit balances not backed by USD. There are many NGO’s , Exporters and Companies that cannot keep their USD under the mattress but in the banking system.

The barbarians are at the gate.

It’s unfortunate the governor feels the need to backtrack. He must be supported fully in protecting Nostro balances sanctity.

[Chief Matere🇿🇼 @chief_matere]

@NetOneCellular I am receiving these kind of messages. Kindly confirm if its coming from you.

[Chief Matere🇿🇼 @chief_matere]

Love your enemies, do good to those who hate you, bless those who curse you, pray for those who mistreat you.

📖 Luke 6:27-28

[TheRealDigitalBae @TaffyLGotora]

Don't regret the love you've shown others. There is nothing wrong with being kind & making others feel seen, heard, & understood.They can only meet you as deeply as they've met themselves. Never wish them pain.If they caused you pain, they must have pain inside.Wish them healing

[Chipo Tsitsi Mlambo 🇿🇼 🇨🇦 @ChipoMlambo]

Update on 17 yr old

Her baby pooped while in her belly. Nurse had to act fast and get baby out, hence the episiotomy. (Best Nurse ever!)
I got the call for the suture thread and meds.
I was listed as her in case of emergency. She lives alone!

WE ARE OUT OF BIRTHKITS

Plug in

[Lloyd Msipa @LloydMsipa]

Zimbabwean men, uhmm! @globaldnazim it’s time to rethink this small house culture! We have created a predatory culture amongst our women, economics is now the driving force with men non the wiser! This arrangement benefits only the men with everyone else being collateral damage! @tinashednaman

[Africa View Facts @AfricaViewFacts]

South Africa 🇿🇦 has started constructing the Vaal River City Interchange in Vereeniging

The project aims to build an interchange, an airport, and a mega city along the banks of the Vaal River

Vaal River City development already attracted investment from Citibank, US-based bank.

[Chief Matere🇿🇼 @chief_matere]

@DStvZimbabwe So you wait for your Customers to cry so that you adjust your package

[Chief Matere🇿🇼 @chief_matere]

@CHICKENINNFC1 🤣🤣🤣🤣

[Chief Matere🇿🇼 @chief_matere]

@SchweppesZW Manchester city 3 Man United 1 @tawazp @regiousmabika @chirblan

[Chief Matere🇿🇼 @chief_matere]

@TelOneZW @1300hrs Man city 3 Man United 1 @tawazp

[Chief Matere🇿🇼 @chief_matere]

@NetOneCellular Manchester city 3 Man United 1

[Chief Matere🇿🇼 @chief_matere]

@NetOneCellular Ndika tenga data rimwe risati raExpire does it add on to the previous data?

[Chief Matere🇿🇼 @chief_matere]

@NetOneCellular if i buy data before the other one expires does it add on to the previous data?

[UKinZimbabwe 🇬🇧 🇿🇼 @UKinZimbabwe]

📢JOB ALERT: DRIVER📢

Do you have these qualifications, skills & experience?

-Clean class 4 driver's licence
-Medical certificate
-Valid defensive driving certificate

🟢A retest & class 2 driver's licence is an advantage.

🟢APPLY by 14 June 2023.

➡️➡️https://t.co/OEwRWlBnDt

[Chief Matere🇿🇼 @chief_matere]

@tawazp @TheVVDRole @vadzivike @achapata @lawrence_mahara 🤣🤣🤣🤣🤣

[Chief Matere🇿🇼 @chief_matere]

@LloydMsipa @DJLesterluv Happy Birthday Chief

[Chief Matere🇿🇼 @chief_matere]

@WendyMadzura Pregnancy 😅😅😅

[Chief Matere🇿🇼 @chief_matere]

@VaMachobani @SaveVidBot @GetVideoBot