Monday, October 24, 2005

The Buck stops in Zim


JOHANNESBURG: After years of abuse, such as having political slogans scrawled on its face and even being used as toilet paper, Zimbabwe's battered dollar is to be scrapped.

Zimbabwe's central bank governor Gideon Gono said on state radio last Thursday the currency would be replaced "at a date to be announced"...

notes have grown scarce because the Government cannot print enough to keep up with the inflation-driven demand.

People routinely queue many hours at banks to draw their own cash. Banks have taken to rationing cash per customer and occasionally riots break out when salary earners are unable to draw their wages because their bank has run out of notes....

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