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Illegal forex currency dealers chief threat to ZiG – The Herald

Illegal forex currency dealers chief threat to ZiG


David Mawondo Correspondent

As the country embraces the new ZiG currency, it is important that we preserve its value for the economy to grow and, ultimately, lift the living standards of Zimbabweans.

The Vision 2030 pronounced by President Mnangagwa can easily be achieved if all stakeholders work together.

However, if threats to our currency are not attended to, such good interventions will remain visions.

One chief threat to our currency is the street illegal foreign currency dealers.

These dealers have become the de facto monetary authorities. They have always been manipulating the daily exchange rates for their selfish benefits.

The illegal dealers hoard cash in their trunks, thus depriving the public.

This stashed cash is then sold to the desperate public at a premium, since banks will not always have enough for us.

This puts pressure on Government and also the public in need of cash for transaction. This has also promoted inflation. Those who want to legally deal in foreign currency should get licenced and operate as bureau de change.

It is disturbing that these forex dealers and vendors determine the rate of exchange and decide on the bank notes to invalidate, causing confusion on the market.

Honestly speaking this must just STOP!

There should be laws to curb this illegal practice. Relevant authorities should put in place statutory instruments that put an end to illegal dealings in foreign currency.

Surely, the RBZ should be the first to be concerned because their product is being abused daily. The RBZ is the monetary authority and should have control over the very money they represent?

The money changers are not natural disasters like El Nino or earthquakes which we do not have control over.

We cannot wait for market forces to choke them out of business because they determine the market and direct how the market should behave.

These “vultures” are now waiting to pounce on this new baby — the ZiG currency.

Before the ZiG notes and coins begin to circulate, the environment should get rid of these illegal dealers otherwise it is a futile exercise to bring a new currency that these “authorities” are waiting to abuse.

Let us have a safe landing of the new currency.

It is a norm that before we plant any seed we prepare the land. Likewise, the environment for ZiG has got to be conducive; no second options-cash barons must be removed first.

Confidence in this currency by the public does not come only from what the Central Bank tells us, but also from what they do to protect the currency.

Authorities have to guide on providing solutions to such challenges. We cannot continue to let illegal dealers dictate to us on currency and its value. These internal saboteurs should not continue to operate. There is need for action against these “vultures”.

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UH Hilo Astronomer Discovers Rare Star Property – Mirage News

University of Hawaiʻi

For two decades, an international team of astronomers led by R. Pierre Martin, an associate professor of astronomy from the University of Hawaiʻi at Hilo, has studied hundreds of Cepheids distributed across the Milky Way. Cepheids, pronounced “sef-ee-eds,” are large stars that pulsate, or “beat,” in a regular pattern over several hours to several days. They are critical in astronomy because their brightness varies, helping scientists measure distances in space and understand the structure of our galaxy.

R. Pierre Martin
R. Pierre Martin

During a recent survey conducted on Maunakea, Martin and his team observed an abundant amount of lithium within V470 Cas, a faint Cepheid star located in the Cassiopeia constellation. The team identified it while utilizing an instrument at the Canada-France-Hawaiʻi Telescope.

“It pulsates with a period of about 21 hours and has four times the mass of our Sun,” Martin explained. “Contrary to what is observed in almost all of Cepheid stars, the group discovered that the spectral line of lithium…is very prominent for V470 Cas.”

Rare find

Astronomers consider the discovery of abundant lithium within this star extraordinary because only seven other Cepheids among several thousands in the entire galaxy are known to display such a prominent lithium line. The researchers discovered that V470 Cas has the third highest abundance value of lithium ever measured in a Cepheid.

“We are facing a dilemma: [either] Cepheids with lots of lithium should not exist at all, or rather [they] should be very numerous across the galaxy. This discovery of the lithium-rich V470 Cas, adding to a very select group of Cepheid stars, suggests that there is something we do not fully understand yet in the evolution of these stars. An enigma to solve.”

Martin’s research team includes Ukrainian astronomers Valery Kovtyukh and S. M. Andrievskii (Mechnikov National University) and Sergey Korotin (Crimean Astrophysical Observatory). The astronomers recently published their findings in Astronomy & Astrophysics.

For more go to UH Hilo Stories.

—By Susan Enright

/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.

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Researchers target neurogenesis in new approach to treat Parkinson’s disease – Science Daily

Researchers at the University of Toronto have found a way to better control the preclinical generation of key neurons depleted in Parkinson’s disease, pointing toward a new approach for a disease with no cure and few effective treatments.

The researchers used an antibody to selectively activate a receptor in a molecular signaling pathway to develop dopaminergic neurons. These neurons produce dopamine, a neurotransmitter critical to brain health.

Researchers around the world have been working to coax stem cells to differentiate into dopaminergic neurons, to replace those lost in patients living with Parkinson’s disease. But efforts have been hindered in part by an inability to target specific receptors and areas of the brain.

“We used synthetic antibodies that we had previously developed to target the Wnt signaling pathway,” said Stephane Angers, principal investigator on the study and director of the Donnelly Centre for Cellular and Molecular Biology.

“We can selectively activate this pathway to direct stem cells in the midbrain to develop into neurons by targeting specific receptors in the pathway,” said Angers, who is also a professor in the Leslie Dan Faculty of Pharmacy and the Temerty Faculty of Medicine, and holds the Charles H. Best Chair of Medical Research at U of T. “This activation method has not been explored before.”

The study was recently published in the journal Development.

Parkinson’s disease is the second-most common neurological disorder after Alzheimer’s, affecting over 100,000 Canadians. It particularly impacts older men, progressively impairing movement and causing pain as well as sleep and mental health issues.

Most previous research efforts to activate the Wnt signaling pathway have relied on a GSK3 enzyme inhibitor. This method involves multiple signaling pathways for stem cell proliferation and differentiation, which can lead to unintended effects on the newly produced neurons and activation of off-target cells.

“We developed an efficient method for stimulating stem cell differentiation to produce neural cells in the midbrain,” said Andy Yang, first author on the study and a PhD student at the Donnelly Centre. “Moreover, cells activated via the FZD5 receptor closely resemble dopaminergic neurons of natural origin.”

Another promising finding of the study was that implanting the artificially-produced neurons in a rodent model with Parkinson’s disease led to improvement of the rodent’s locomotive impairment.

“Our next step would be to continue using rodent or other suitable models to compare the outcomes of activating the FZD5 receptor and inhibiting GSK3,” said Yang. “These experiments will confirm which method is more effective in improving symptoms of Parkinson’s disease ahead of clinical trials.”

This research was supported by the University of Toronto Medicine by Design program, which receives funding from the Canada First Research Excellence Fund, and the Canadian Institutes of Health Research.

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Japan researchers make their mark in Sweden’s space exploration city – Kyodo News Plus

Some Japanese researchers have opted to make Sweden their home base as they seek to take full advantage of the Nordic country’s advanced space exploration research programs.

The northern city of Kiruna is a key center for space research in Sweden. It sits north of the Arctic Circle and draws researchers from all over the world, who favor the city’s geographical location as it gives them frequent opportunities to observe the aurora borealis.

The Kiruna-headquartered Swedish Institute of Space Physics, or IRF, is a state-run agency at the center of the country’s research and observatory programs associated with research on space and technology.

Photo taken in October 2023 of the Maxus rocket monument, a symbol of space exploration in Kiruna, Sweden. (Kyodo)

Annelie Klint Nilsson, an IRF public relations official, said the headquarters had some 30 researchers as of March, including four from Japan.

The number of foreign researchers working at the IRF increases if you add staff from its other research bases in Umea, Uppsala and Lund to the total figure, Nilsson said, noting that foreign-born researchers at the IRF also include those from India, France and Russia.

Although Japan has a strong scientific relationship with the United States in the field of space exploration, Japanese researchers are expected to work more closely with Sweden in the coming years.

Photo taken in October 2023 of Manabu Shimoyama of the Swedish Institute of Space Physics, and a model of Viking, the country’s first artificial satellite, in Kiruna, Sweden. (Kyodo)

One of the researchers is Manabu Shimoyama, 49, who came to the IRF in 2015 after studying in Japan and Canada. He is involved in the European Space Agency’s Jupiter Icy Moons Explorer, or JUICE, project, which operates an interplanetary spacecraft designed to study Jupiter and its three icy moons: Ganymede, Callisto and Europa.

He serves as a coordinator between Japan and Sweden, which jointly developed some of the equipment on board the JUICE probe that was launched in April 2023 and is expected to enter orbit around Ganymede for observations in 2034.

Sweden is a member of the ESA, and the IRF is much smaller in scale than the National Aeronautics and Space Administration of the United States, as well as the space exploration agencies of other big countries.

Shimoyama says there are many positive sides and benefits of working at the IRF. “Since researchers and engineers are at the same facility, ideas take shape faster,” he said.

Cooperation in space exploration between Japan and Sweden took off in 1998 with the Japanese Mars orbiter, called Nozomi, and has continued with lunar, Mercury and Venus exploration projects.

“I think (Japan and Sweden) have been jointly involved in almost all missions in one way or another. Their strong ties are definitely noteworthy,” Shimoyama said.

With a population of about 23,000, Kiruna is famous for tourism built around the dazzling northern lights and the original Icehotel, made each year out of snow and ice. It also features the Maxus rocket monument as a symbol of the space exploration research city. Some Japanese experts have been studying there for two or three decades.

Photo taken in October 2023 of Yoshifumi Futaana explaining his research in Kiruna, Sweden. (Kyodo)

Yoshifumi Futaana, 48, who specializes in heliophysics (the study of the Sun and its connection with the solar system) came to Kiruna in 2003 to get involved in Mars exploration. Futaana praised the IRF for its “spirit of pursuing original and ambitious studies.”

Recently, young Japanese researchers have been coming to the IRF through connections with Futaana and others. Given the long-term nature of space exploration research, it is important to pass on the baton to the next generation.

“We want to do more joint work with Japan. To this end, it is essential to develop talent in Japan,” Futaana said.

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