Zimbabwe squanders Rhodesian inheritance – official!

Zimbabwe finance minister admits:

‘We’ve only got £138.34 in the bank’

Tendai Biti made the announcement at press conference declaring: ‘Last week when we paid civil servants there was $217 in government coffers’

Result is culmination of years of ruinous economic policy by Zimbabwe’s despotic President Robert Mugabe
Zimbabwe’s finance minister has taken a hard look at the cash strapped country’s bank accounts – and discovered it only has £138 left.
Tendai Biti made the announcement at press conference yesterday declaring: ‘Last week when we paid civil servants there was $217 in government coffers.’
Mr Biti went on to tell the shocked news reporters that they were individually likely to have healthier bank balances than the state’s.
‘The government finances are in paralysis state at the present moment’, Mr Biti admitted. 
 – see here for full article 30.01.2013

Zimbabwe Minister of Finance - Tendai Biti

‘The government finances are in paralysis state at the present moment’, Mr Biti admitted.