Jovenel Moise sworn in as Haiti's new president

Yahoo – AFP, Amelie BARON, February 7, 2017

New Haitian President Jovenel Moise arrives at the Te Deum during his inauguration
ceremony at the National Palace in Port-au-Prince, on February 7, 2017 (AFP Photo/
HECTOR RETAMAL)

Port-au-Prince (AFP) - Jovenel Moise was sworn in Tuesday as Haiti's 58th president, ending a protracted electoral crisis that had created a power vacuum in the impoverished, disaster-prone Caribbean nation.

Moise, a 48-year-old banana exporter who has never held political office but ran as the candidate of the center-right Tet Kale Party (PHTK), took the oath at a ceremony at the National Assembly.

He was former president Michel Martelly's hand-picked choice to lead the poorest country in the Americas, one still struggling to recover from devastating natural disasters.

"The Haitian people have spoken: it has chosen to entrust the reins of power to a young, dynamic man" who has ideas "to get the country out of the misery and political instability that has been holding back its growth and development for too long," said National Assembly President Youri Latortue.

Haiti is fighting to emerge from the world's most significant cholera outbreak, with an estimated 30,000 cases expected this year, as well as the effects of the January 2010 earthquake, with tens of thousands of people still camping in tents without proper sanitation.

The government and aid officials have said Haiti needs nearly $300 million to provide urgent assistance for its most vulnerable inhabitants, including those affected by Hurricane Matthew last October.

The hurricane caused $2.8 billion in damage, and more than 1.5 million people are still in dire need of humanitarian assistance, said El-Mostafa Benlamlih, Representative of the United Nations Stabilization Mission in Haiti (MINUSTAH).

Musicians await the arrival of new Haitian President Jovenel Moise at his

 inauguration ceremony at the National Palace in Port-au-Prince, on February 7, 

2017 (AFP Photo/HECTOR RETAMAL)

Lengthy political crisis

Moise's election brings to a close a political crisis that began in October 2015 when the results of a first round of voting -- which Moise won -- were annulled because of massive fraud.

In February 2016, with Martelly's five-year term nearing its end and his political succession in limbo, Haiti's parliament elected Jocelerme Privert, president of the Senate at the time, to be interim president.

The presidential election was rescheduled for October and then postponed to November in the wake of Hurricane Matthew.

Haiti's political temperature remains high, with several of Moise's main opponents contesting his first-round victory.

The businessman is also at the center of an unresolved money laundering probe. He denies any wrongdoing.

The investigation was launched in 2013 as a routine bank-regulation procedure. The Central Financial Intelligence Unit (UCREF) forwarded a secret report about the inquiry to prosecutors last summer.

However, the investigating judge took no action until four opposition senators recently demanded information about the findings.

The judge delivered the conclusions to the government prosecutor, who has made no public announcements on the case.

Moise was declared the winner with 55 percent of the votes, but with a dismal turnout of just 21 percent.

People gather outside during the inauguration ceremony of the new President, 

Jovenel Moise on February 7, 2017 in Port-au-Prince (AFP Photo/Pierre Michel Jean)

Austere inauguration

After the swearing-in ceremony, the 2,000-plus guests took seats in the courtyard of the presidential palace to attend a religious ceremony and hear Moise speak.

The event took place on the site of the presidential palace, which was destroyed in the 2010 earthquake.

Austerity has been the motto of the inauguration ceremony, as Haiti is suffering from an economic crisis with more than $2 billion in debt and anemic growth that is not expected to surpass one percent this year.

According to Moise's transition team, the inaugural costs are close to $1 million, a tighter budget than those of predecessors Rene Preval and Martelly, which cost more than $4 million and $2 million, respectively.

While Martelly -- the sole former Haitian president at the ceremony -- is a well-known entertainment figure, Moise remains largely unknown to the broader public.

Moise said he had invited 53 other former presidential candidates to signal his willingness to ease political tensions.

The inauguration "of a democratically elected president allows Haiti to return to democratic and constitutional rule," US State Department spokesman Mark Toner said.

Canada in turn "reaffirmed its friendship and solidarity with Haiti," and "looks forward to working" with the Moise government, the ministry of international development said in a statement.

Vatican expresses 'concern' on Trump's wall, travel ban

Yahoo – AFP, February 1, 2017

Protesters gather at the Los Angeles International airport's to demonstrate
against President Trump's controversial travel ban (AFP Photo/Konrad Fiedler)

Rome (AFP) - The Vatican on Wednesday voiced "concern" over President Donald Trump's executive orders to build a wall on the US-Mexican border and impose a travel ban on nationals from seven Muslim-majority countries.

"Naturally, there is concern," the Holy See's number three, Monsignor Angelo Becciu, said on the Catholic TV channel TV2000, in response to a question.

"We are builders of bridges, far less of walls, and all Christians should emphatically reaffirm this message."

Becciu noted that Pope Francis had repeatedly stressed the need "to integrate those who arrive, who come into our society, into our culture."

Trump has run into a storm of criticism since signing orders to build an anti-migrant frontier wall with Mexico and temporarily ban nationals from seven countries -- Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen -- for 90 days.

Related Article:

KLM refuses seven passengers following Trump’s Muslim country ban

Dutch central bank takes action against trust offices post Panama Papers

DutchNews, January 25, 2017

Photo: Pbech via Wikimedia Commons

The Dutch central bank has made formal complaints about a number of trust offices in the Netherlands following the publication of the Panama Papers – millions of leaked documents about offshore entities. 

The head of the bank’s integrity division Willemieke van Gorkum told the Financieele Dagblad on Wednesday that ‘action has been taken against individual institutions’ but declined to say which trusts or how many. 

A number of Dutch banks, trust offices, notaries and tax advisors were referenced too in the leaked documents.

‘We have carried out data research on the basis of the leaked documents and taken action against individual institutions,’ she said. ‘This involves pension funds and insurance companies as well as banks and trust offices. A number of investigations are underway, in cooperation with other regulators such as the AFM.’ 

The FD says the central bank has increased its supervision of trust offices in recent years following mounting criticism of the sector. 

Trust offices in the Netherlands currently manage the affairs of 24,000 companies for their clients, but the identity of the owners is often hard to establish. 

Four Yemenis freed from Guantanamo arrive in Saudi Arabia

Yahoo – AFP, Abdulhadi Habtoor, January 5, 2017

A former Yemeni inmate, released from the US military prison in Guantanamo
Bay, is welcomed by his family upon his arrival in Riyadh on January 5, 2017
(AFP Photo/STRINGER)

Riyadh (AFP) - Four Yemenis released from the US prison at Guantanamo Bay arrived Thursday in Saudi Arabia to a tearful reunion with relatives, after the White House rejected Donald Trump's call for a freeze on transfers.

The Pentagon confirmed the detainee transfers, and said there are now 55 inmates still being held in the military detention centre in Cuba.

In the Saudi capital, an AFP reporter saw the four prisoners after they landed at a terminal normally reserved for royals at the Riyadh international airport.

Prisoners and family members wept as they saw each other for the first time in years.

One of the released inmates, Salim Ahmed bin Kanad, told reporters he felt "born again" after seeing his relatives.

Another, Mohammed Bawazir, said he hoped to move on and forget the past.

"I want to give back to my family the 15 years I lost," he said.

Officials identified the other former prisoners as Mohammed Rajab Abu Ghanim and Abdullah Yahya al-Shalabi.

"The United States is grateful to the government of the Kingdom of Saudi Arabia for its humanitarian gesture and willingness to support ongoing US efforts to close the Guantanamo Bay detention facility," the Pentagon said.

Outgoing US President Barack Obama's pledge to close the Guantanamo Bay facility has been met with legal and political hurdles for years, and on Tuesday, his successor jumped into the fray.

"There should be no further releases from Gitmo. These are extremely dangerous people and should not be allowed back onto the battlefield," Trump tweeted.

Hours later, Obama's spokesman Josh Earnest said he would expect "additional transfers" before the Democrat hands power to Trump on January 20.

Saudi King Salman has said the four Yemenis who arrived Thursday will live in the kingdom, where they will take part in a rehabilitation and de-radicalisation programme, the interior ministry said in a statement.

The bearded ex-prisoners appeared healthy and were all dressed in two-piece Pakistani-style tunics.

One prisoner was welcomed by 21 relatives, including children, but only a handful greeted the others.

A lone woman waited for one of the inmates.

Reporters were kept in the terminal and could not see what type of aircraft had transported them.

Prisoners and family members wept as they saw each other 

for the first time in years (AFP Photo/STRINGER)

Whittling down numbers

Obama came to office eight years ago vowing to close the Guantanamo facility, arguing that detention without trial did not reflect American values.

But he has run up against Pentagon foot-dragging and stubborn Republican opposition in Congress.

With Guantanamo's closure blocked, Obama's White House has focused on whittling down the number of inmates.

Before Thursday's transfer, around 20 of the remaining prisoners had been cleared for removal. But finding countries to take them has often proven time-consuming.

Only a handful of those who remain have started moving through military tribunals, including the alleged plotters of the 9/11 attacks.

Many of the others are in legal limbo -- not charged but deemed too dangerous to release.

Fifteen of the 19 Al-Qaeda hijackers who carried out the attacks against the United States on September 11, 2001 were Saudi. But Riyadh denies any ties to the plotters who killed nearly 3,000 people.

In recent months, Obama has authorised a flurry of transfers of prisoners to other countries -- prompting outrage from Republicans each time.

In April, nine Yemeni inmates were transferred from Guantanamo Bay to Saudi Arabia, the first time the kingdom received any inmates from the facility.

The move followed years of negotiations with the Saudi government.

Yemen's civil war meant those inmates could not be sent to their home country.

Obama's predecessor George W. Bush released or transferred around 500 inmates before leaving office. Obama had released or transferred more than 180.

Pinochet agents apologize for Chile crimes

Yahoo – AFP, December 23, 2016

Human rights activists demonstrate during the private ecumenical ceremony in
 the Punta Peuco prison where nine former agents of Chile's 1973-1990 dictatorship,
apologize for their crimes, in Santiago, on December 23, 2016 (AFP Photo/
Christian Miranda)

Santiago (AFP) - Nine former agents of late Chilean dictator Augusto Pinochet's regime asked forgiveness for their crimes Friday -- a first for Chile -- but victims' families rejected the gesture as a ploy.

The apology came in the form of a private religious ceremony at the Punta Peuco prison, where some 100 former regime agents are serving sentences for the kidnappings, killings and torture perpetrated during Pinochet's rule from 1973 to 1990.

The nine convicts included Raul Iturriaga, a high-ranking official in Pinochet's political police.

"God is doing something extraordinary in this country. This would not have been possible until recently," Anglican priest Pablo Alvarez told journalists after the ceremony, which was closed to the press.

But dozens of victims' family members protested outside the prison, rejecting the ceremony as a hollow bid to obtain a pardon or early release.

"We have the right and the moral duty to be here to prevent this media show," said Alicia Lira, head of a rights group for victims' families.

Pedro Pablo Barrientos Nunez, right, leaves the federal courthouse with his

 attorney, Luis Calderon, left, Monday, June 27, 2016, in Orlando, Fla. Barrientos, 

former lieutenant under the brutal dictator Augusto Pinochet, tortured and killed 

a famed Chilean folk singer whose family had been seeking justice for more 

than 40 years, a federal jury in Florida ruled. (AP Photo/John Raoux)

Family members emphasized that none of the convicts have provided information on the fate of nearly 1,000 people missing and presumed killed by the regime.

They also demand the closure of Punta Peuco, which they condemn as a luxury prison with tennis courts, terraces and barbecues.

More than 3,000 regime opponents and alleged collaborators were killed or disappeared during Pinochet's rule. Some 38,000 were tortured.

Pinochet, who came to power in a military coup, died in 2006 without being brought to justice.

Brazil's Odebrecht, Braskem pay record fine in bribery case

Yahoo – AFP, Heather Scott, with Sebastian Smith in Rio de Janeiro, December 22, 2016

Brazilian construction company Odebrecht pled guilty to paying hundreds of
millions to bribe government officials in countries on three continents (AFP
Photo/YASUYOSHI CHIBA)

Washington (AFP) - Scandal-plagued Brazilian construction giant Odebrecht and petrochemical affiliate Braskem have agreed to pay a record $3.5 billion to settle a vast international bribery case, US officials said.

Odebrecht, a key player in the Petrobras corruption scandal gripping Brazil, agreed to a fine of $4.5 billion but said it was only able to pay $2.6 billion, the US Justice Department said in a statement. Braskem, meanwhile, will pay $957 million.

The fines are to be paid to Brazilian, Swiss and US authorities, the department said, calling it "the largest-ever global foreign bribery resolution."

It is the latest in a string of terrible headlines for Odebrecht, which Brazilian investigators say was one of the ringleaders of a scheme to plunder billions of dollars from state oil company Petrobras.

Revelation of the scandal has rocked Brazil's political and business establishment to its foundations, with ex-president Luiz Inacio Lula da Silva facing trial and current President Michel Temer reportedly under suspicion.

The bribery case settled Wednesday includes the Petrobras allegations, but is even bigger.

The Odebrecht conglomerate pleaded guilty to bribing government officials and political parties to the tune of $788 million to secure business on three continents -- mostly in Brazil, but also 11 other countries in Latin America and Africa.

"Odebrecht and Braskem used a hidden but fully functioning Odebrecht business unit -- a 'Department of Bribery,' so to speak -- that systematically paid hundreds of millions of dollars to corrupt government officials in countries on three continents," US Deputy Assistant Attorney General Sung-Hee Suh said in a statement.

"Such brazen wrongdoing calls for a strong response from law enforcement, and through a strong effort with our colleagues in Brazil and Switzerland, we have seen just that."

Political fallout

In the main scheme, Odebrecht targeted top Brazilian politicians and executives at Petrobras for more than a decade starting in about 2001. The bribes were used to secure inflated contracts and even get favorable legislation passed in Congress.

Suh praised Brazil's judiciary for tackling the issue head on.

"I cannot praise their efforts enough. They have been under enormous pressure, done an extraordinary job of initiating the investigation and carrying it through," she said.

The Brazilian probe, known by its codename Operation Carwash, has cast dark shadows over two of Brazil's most important companies, Petrobras and Odebrecht, adding to economic pain as the country flounders in deep recession.

Odebrecht's jailed boss Marcelo Odebrecht and 76 other current and former executives have signed plea deals agreeing to tell all in exchange for lighter sentences.

The Brazilian press has described the deal as potentially apocalyptic for the political establishment.

Panama, meanwhile, said it would request information from the United States about alleged Odebrecht bribes paid in Panama to secure contracts, its foreign ministry said.

Shattered record

The previous record bribery settlement was $1.6 billion for German engineering group Siemens in 2008. It settled charges of systematically using bribes and slush funds to land public works contracts around the world.

Margarida Gutierrez, an economist at the Federal University of Rio de Janeiro, told AFP that this settlement, Odebrecht's newest move to come clean, would open the door for its return to the market.

"Right now they are unable to participate in any bids in Brazil or probably out of Brazil," she said. "Now they can start again, and try to clear their name. They will succeed but it will be hard."

The US Justice Department will conduct an "inability to pay analysis" by March 31 to determine the final amount that Odebrecht must come up with. Sentencing has been scheduled for April 17.

Under the plea agreement, Brazil will receive 80 percent of Odebrecht's fines, while the United States and Switzerland will garner 10 percent each.

Braskem, which is traded on the New York Stock Exchange through American Depositary Receipts (ADR), saw its shares soar after the deal was announced, closing up four percent.

It will pay a criminal fine of $632 million, and another $325 million penalty to the US Securities and Exchange Commission.

Under the Braskem deal, Brazil will receive 70 percent of the fines, while US and Swiss authorities receive 15 percent. Sentencing for the firm has not yet been scheduled.

Brazil's Odebrecht, Braskem pay record fine in bribery case https://t.co/Wn8k2rgyX2 pic.twitter.com/RM9Shs8gzG

— AFP news agency (@AFP) December 22, 2016

Related Article:

Total cost of VW 3.0-liter diesel settlement $1 bn: US authorities

Panama pardons Dutch journalist jailed for libel

DutchNews, December 20, 2016

Panama’s president Juan Carlos Varela has given an official pardon to Dutch journalist Okke Ornstein, who was arrested last month and ordered to spend three years four months in jail. 

The Panama authorities published a list of names of people who are being pardoned on Tuesday. Ornstein will be freed on Friday if he does not object, the Dutch foreign ministry said.

‘It will be terrific if he is free in time to celebrate Christmas with his family,’ said foreign minister Bert Koenders. 

Ornstein was arrested last month on a charge of criminal libel dating from 2012 as he entered Panama where he lives. 

The libel charges followed articles on his blog Bananama Republic about the business practices of Canadian national Monte Friesner who lives in Panama City. The blog has since been closed down.

Bolivia ruling party defies referendum, backs Morales for 4th term

Yahoo – AFP, December 17, 2016

Bolivia's President Evo Morales, seen in November 2016, has the backing
 of his ruling party to run for a fourth term in 2019, despite the results of a
February referendum (AFP Photo/Aizar Raldes)

La Paz (AFP) - Bolivia's ruling socialist party on Saturday defied the results of a February referendum and backed President Evo Morales for a fourth term in 2019.

The Movement for Socialism (MAS) party, holding a congress in the eastern city of Montero, approved the candidacy of Morales -- Bolivia's first president with an indigenous background -- in a unanimous vote.

Morales welcomed the party's decision, saying, "If the people decide it, Evo will continue."

He added: "So many times we have defeated the right."

Morales was first elected president in 2005, and re-elected in 2009 and 2014.

But he narrowly lost the referendum in February on the question of whether the constitution should be revised to permit him to run again in 2019. His current term expires on January 22, 2020.

The party congress Saturday recommended "four legal alternatives" to allow his candidacy within the constitutional framework, according to a union leader who read the conclusions.

The first was a partial constitutional reform through an initiative requiring the signatures of some 20 percent of the electorate. Another also involves a constitutional reform to allow an extended presidential mandate.

The third recommends that the president renounce his office before the 2019 elections, so that he would not have served three full terms, while the fourth involves a reinterpretation of the constitution.

Morales, who has cultivated an "everyman" image, has been highly popular throughout most of his presidency.

He won his first election with 54 percent of the vote, his second with 64 percent and his third with 61 percent.

Morales has generally benefited from a fragmented opposition.

At the time of the February referendum, his popularity had been damaged by allegations that he had fathered a child with a young woman, Gabriela Zapata, and done favors for the Chinese company employing her.

He admitted the two had had a son, who died in infancy, but emphatically denied the other allegations.

Still, he lost the referendum by a narrow margin, 51 percent to 49 percent, and vowed to continue pressing the leftist platform that underlies his popularity.

As president, he has worked to redistribute the nation's natural gas wealth and provide a more inclusive environment for the indigenous majority.

To burnish his common-man credentials, Morales has often traveled on foot or stopped to play soccer with locals.

But some Bolivians said they felt he had amassed too much power in his years in power, and that the onetime outsider had himself joined the elite establishment.

In a survey early this month, the Ipsos polling firm found Morales's popularity had slipped a bit but was still relatively solid, at 49 percent.

Venezuela to remove the 100-bolivar note from circulation

The 100-bolivar bank note will be removed from circulation in Venezuela on Wednesday. The Venezuelan government promised six much larger notes in coming days.

Deutsche Welle, 12 December 2016

Stuck in an economic crisis and facing rampant inflation, the Venezuelan government announced Sunday it would pull its largest bill from circulation on Wednesday.

The 100-bolivar note, which is worth approximately two cents, will be replaced by much larger bank notes. Venezuelans will have 10 days after the 100-bolivar bill is removed from circulation to exchange the notes at the central bank. In the wake of the 100-bolivar note's demise, six bank notes worth between 500 and 20,000 bolivars will be made available, and three new coins. One US dollar can buy up to 4,400 bolivars on the black market.

Venezuelan President Nicolas Maduro said the move was necessary as international mafias kept the notes in Colombian and Brazilian cities. Maduro demanded "all land, air and sea possibilities closed immediately so that they do not return those notes that were taken," on his television show "Contact with Maduro."

Critics were quick to denounce the decision, saying Maduro should fight against the use of contraband bills on the Colombia-Venezuela border, and that there was no realistic way for Venezuelans to exchange 100-bolivar bills currently in circulation within the allotted time. Data from the central bank showed there were more than six billion 100-bolivar notes in circulation in November, which is about 48 percent of all bills and coins in use.

"When ineptitude governs! Who would possibly think of doing something like this in December amid all our problems?" said two-time opposition presidential candidate Henrique Capriles on Twitter.

Cuando la ineptitud gobierna!A quién se le ocurre hacer algo así en Dic y con las dificultades que hay?Maduro y su cúpula! https://t.co/oaNqDMwlD9

— Henrique Capriles R. (@hcapriles) December 11, 2016

Unprecedented inflation

No official data exists for inflation in Venezuela in 2016, but economic consultants Ecoanalitica estimates annual inflation in 2016 is more than 500 percent. The Venezuelan currency has fallen 55 percent against the US dollar on the black market in November.

Paying for simple items in the oil-rich company - often after waiting in lines that can last for hours - requires a large sack of bills in order to pay for whatever may be needed. But getting cash has proven difficult in recent months and credit card machines have suffered many problems, forcing many businesses to ask customers to pay by bank transfer.

kbd/kl (AP, AFP, dpa, Reuters)

Related Article:

India pulls 500, 1,000 rupee notes to fight graft

Colombia's President Santos receives Nobel Peace Prize

Yahoo – AFP, Pierre-Henry Deshayes, with Gael Branchereau in Stockholm, December 10, 2016

Nobel Peace Prize winner Colombian President Juan Manuel Santos poses with
 his award in Oslo on December 10, 2016 (AFP Photo/Haakon Mosvold Larsen)

Oslo (AFP) - Colombia's peace deal between the government and the Marxist FARC rebels is a model for war-torn countries like Syria, Colombian President Juan Manuel Santos said Saturday as he accepted the Nobel Peace Prize.

The peace accord, signed on November 24 to end five decades of conflict, is a "model for the resolution of armed conflicts that have yet to be resolved around the world."

"It proves that what, at first, seems impossible, through perseverance may become possible even in Syria or Yemen or South Sudan," Santos said during a lavish ceremony at Oslo's City Hall, decked out in red, orange and white roses and carnations imported from Colombia for the occasion.

After a first peace deal was rejected in a popular vote on October 2, the rebels and government negotiated a new accord to end the conflict, which has killed more than 260,000 people, left 45,000 missing and forced nearly seven million to flee their homes.

"The Colombian peace agreement is a ray of hope in a world troubled by so many conflicts and so much intolerance," he said.

Yet in an interview with AFP just hours before Saturday's prize ceremony, Santos acknowledged that the hardest part of the country's peace process was yet to come.

The period ahead "is a more difficult phase than the (negotiation) process itself, and will require a lot of effort, perseverance and humility," he said.

"A lot of coordination efforts will also be needed... to bring the benefits of peace to the regions that have suffered the most in the conflict," he added.

He also said he could offer no guarantees there would be a peace deal in place with Colombia's second-largest rebel group, the National Liberation Army (ELN), before the end of his mandate in 2018.

"I will do my best but to establish a time frame is always counter-productive in negotiations of this sort," he said.

In a speech at the ceremony, Berit Reiss-Andersen, deputy chairwoman of the Nobel committee, urged "all sides in Colombia to carry on the national dialogue and continue on the road to reconciliation.

"Hopefully, a similar negotiated disarmament agreement with the ELN guerrilla will soon be in place as well."

The Nobel prize consists of a gold medal, a diploma and a cheque for eight million Swedish kronor (824,000 euros, $871,000), a sum Santos promised to donate to the victims of the war.

The 2016 Nobel Prize laureates (AFP Photo/Paz PIZARRO)

Dylan's snub

Later on Saturday, another ceremony will be held in Stockholm where the Nobel laureates in the sciences, economics and literature will be honoured -- a ceremony marked by the notable absence of this year's literature laureate, Bob Dylan.

The first songwriter to win the prestigious award, he has declined to attend the glittering ceremony due to "pre-existing commitments".

The no-show has created a stir in Sweden, where it has been perceived as a slight towards the Swedish Academy that awards the literature prize and the Nobel Foundation.

Announced as the winner on October 14, Dylan waited almost two weeks to publicly acknowledge the accolade, a silence one Academy member termed "impolite and arrogant".

Dylan did ultimately say he was honoured to win, but then informed the Academy in mid-November that he would not be travelling to Stockholm to accept his prize.

"A slap in the face," remarked editorialist Lena Mellin at one of Sweden's biggest dailies, Aftonbladet.

"Anyone who has ever received a prize, even if it's just for being the best neighbour in the apartment building, knows that the least one can do is go and accept it," she wrote.

On social media, opinions were mixed.

"If it were me, I would probably... collect a Nobel Prize and $900,000. But it's Bob, and that's part of what makes him Bob," wrote fan Evan Sarzin on the singer's Facebook page.

"He is 75, give him a break," argued another, Karen Lunebach.

The singer-songwriter has sent a thank-you speech to be read at the gala banquet at Stockholm's City Hall, attended by around 1,300 guests and the Swedish royal family.

And just before that, American rock star Patti Smith will sing Dylan's "A Hard Rain's A-Gonna Fall" during the formal prize ceremony at Stockholm's Concert Hall.

According to the Nobel Foundation, his prize should be presented to him in person sometime in 2017, either in Sweden or abroad.

Have a look at @JuanManSantos Nobel Diploma! #NobelPrize pic.twitter.com/vXoU54m6rq

— The Nobel Prize (@NobelPrize) December 10, 2016