Wednesday, April 22, 2009

Zim raids local bank accounts

from the NYTimes

Zimbabwe’s central bank raided the private accounts of companies and aid donors for hard currency to finance the government during the economic crisis, according to a central bank statement made available on Monday. The central bank’s governor, Gideon Gono, left, said the bank took foreign currency from private accounts to help make some $2 billion in loans to state-owned companies for power and grain imports. He said the government still had to repay about $1.2 billion to the central bank, which would allow it to repay money it owes private accounts

No comments:

Free hit counters
Free hit counters