Sunday, August 27, 2006

Zim farmers left with sacks of worthless cash

Hundreds of peasant farmers in southeastern Zimbabwe have been left with sacks full of worthless money after they failed to meet a currency swap deadline, it was reported Friday.

Angry cotton farmers from Chipinge district have been left holding billions of old Zimbabwe dollars (thousands of US), the official Manica Post newspaper said.

They say they did not have time to travel the long distances to commercial banks to exchange their old money before Monday's deadline.

People in my constituency are cotton farmers and they sold their cotton recently on cash basis. They have huge sums of money that they are failing to exchange, said the MP for the area, Enock Porusingazi.

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