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Zimbabwe

State of emergency looms in Zim

2008-07-30 12:52
line

Harare - Zimbabwean President Robert Mugabe has warned business people that he will impose a state of emergency if they profiteer.

Mugabe made the threat after the reserve bank governor announced he was knocking 10 zeros off the hyper-inflated currency. On August 01, 10 billion dollars becomes one dollar.

Mugabe warned profiteers in a televised address on Wednesday not to "drive us further" but said if they did the government would impose emergency measures.

The new currency was forced because computers, electronic calculators and automated teller machines at banks could not handle basic transactions in billions and trillions of dollars. A 100 billion-dollar note issued last week was not enough to buy a loaf of bread.

- AP

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Twain says... @ sekuru: Bullying Zim? You're dragging the entire SADC region down and you can't even keep your own currency running so don't talk about bullying when every other country in the region is taking your refugees. And as for anneck's comment - IT WAS A JOKE. Pretty obvious, especially because of the "get it?" afterwards but I guess we can't expect you to understand that. Read the article...

 
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