Home' Trinidad and Tobago Guardian : March 20th 2018 Contents A17
Tuesday, March 20, 2018
HARARE—Zimbabwean President Emmerson Mnangagwa
yesterday named hundreds of mines, Chinese businesses and
individuals who had illegally transferred foreign currency
abroad during Robert Mugabe’s rule and warned they would
The announcement came after the expiry of a three-month
amnesty for the return of funds including export proceeds,
payments for phantom imports and “funds transferred to
foreign banks in cash or under spurious circumstances”.
Authorities say Zimbabwe lost at least $1.4 billion in
revenue as a result.
When Mnangagwa took over as president in November
following Mugabe’s ouster, he issued a three-month
ultimatum urging those who had illegally taken money out of
the country to either bring it back or account for it.
He also released a list of 1,403 offenders. (AP)
Zimbabwe’s President to
prosecute forex culprits
THE HAGUE—Bolivia made an emotional appeal yesterday
for the International Court of Justice to order Chile to enter
talks over granting the landlocked South American nation
access to the Pacific Ocean, saying the dispute will remain a
source of conflict if it’s not resolved.
Bolivia lost its only seacoast to Chile in a war between from
1879 to 1883, and has been demanding access to the Pacific
for generations. Bolivia also accuses Chile of reneging on
pledges to negotiate.
“For 139 years, Bolivia has suffered the historical injustice
of becoming landlocked,” former Bolivian President Eduardo
Rodriguez Veltze told judges sitting in the ornate Great Hall
of Justice at the world court’s headquarters, the Peace Palace.
“Restoring Bolivia’s sovereign access to the sea would make a
small difference to Chile, but it would transform the destiny
Chile argues that its border with Bolivia was settled in a
1904 treaty and that it’s not under any legal obligation to
negotiate. Chile’s lawyers will present their case later this
Bolivia takes Chile to world
court over sea access
Amid an acute national shortage of banknotes, the town of
Elorza in western Venezuela has started issuing its own paper
currency. Local officials said that the currency would make
it easier for residents and visitors to trade during the town’s
festivities, which started yesterday.
They said rampant hyperinflation and a scarcity of
bolivares, the national currency, had affected trade in Elorza.
The new currency can be bought at the mayor’s office via
The paper bills feature the face of independence hero José
Andrés Elorza and, like the town, are named after him.
“People don’t have bolivares to spend, that’s why we have
created bills of two denominations... and we’ve already sold
2bn bolivares worth,” mayor Solfreddy Solórzano, from the
governing PSUV party, said.
Local businessman Canuto García explained that the town
came up with the idea after it noticed that at local festivities
in nearby cities “money did not flow”.
“Now those who want to buy just a sweet or even a whole
cow from the barbecue, will be able to do so,” the cattle
Venezuela town issues
Putin wins with ‘highest ever’ mandate
Vladimir Putin won a fourth pres-
idential term with nearly 77 per
cent of the vote—his highest score
ever and a massive mandate to
pursue his nationalist, assertive
policies for another six years in
Near-final results released yes-
terday showed that the other
seven candidates were far behind
Putin in Sunday’s voting.
Observers reported widespread
ballot stuffing and unprecedented
pressure on Russians to vote, but
that is unlikely to seriously damage
Putin given his popularity and his
tight control over Russian politics.
Putin’s most serious rival, op-
position leader Alexei Navalny,
was barred from the race because
of a fraud conviction widely seen
as politically motivated.
Putin has never faced a serious
threat to his rule since he came to
power on the eve of the new mil-
lennium. He won 53 per cent of
the vote in the 2000 presidential
election, 71 percent in 2004 and
64 percent in 2012.
The massive victory gives Putin
new confidence to stand up to the
STILL FRIENDS: Russian President Vladimir Putin, left, greets Ksenia
Sobchak, right, during his meeting with opposition candidates who ran
against him in Sunday’s presidential election.
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