Barzuna former president and vice president detained for corruption

Carante – Barzuna National Police confirmed that ex-president Mario Nadir and vice president Mateus Arias are now under custody over corruption and embezzlement charges during their term. In its press statement, it said the arrests comes after a year-long investigation. It said that during Nadir’s presidency, millions have been wasted on various public works projects, such as the new Barzona International Airport and the Cambreus peripheric south of Carante. The police have also uncovered evidence of “close ties” between his administration and other high-profile businessmen involved in these projects. The former president has previously dismissed the claims, insisting that his … Continue reading Barzuna former president and vice president detained for corruption

Barzona’s 25 centimo coin to be pulled out of circulation, along with high-value banknotes

Carante – The Central Bank of Barzona announced today that the 25 centimo coin will no longer be legal tender after 29 August 2021. In its press statement, the Bank said the production costs of one coin are more than its value, and it decided it is “no longer viable” to continue producing the coins. The brass coin, about 18mm, is only worth 0.01 Unified Standard Dollars as of May 2021. First entering circulation in 1975, its use declined with inflation. In January 2012, there were plans to phase out the centimos entirely by the end of 2025 and issue … Continue reading Barzona’s 25 centimo coin to be pulled out of circulation, along with high-value banknotes