Zimbabwean Finance Minister Says the Country Has Just $217 In The Bank

“After paying public workers’ salaries last week, the balance in cash-strapped Zimbabwe’s government public account stood at just $217, Finance Minister Tendai Biti said Tuesday.  Zimbabwe’s economy went into free-fall at the turn of the millennium, after President Robert Mugabe began seizing white-owned farms.  The move demolished investor confidence in the country, paralysed production, prompted international sanctions and scared off tourists.  Zimbabwe’s government has warned it does not have enough money to fund a constitutional referendum and elections expected this year.”

http://www.businessinsider.com/zimbabwe-has-just-217-in-the-bank-2013-1

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