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Africa Subsaharan
Brace for Zimbabwe Dollar Return - Biti
2017-10-29
[All Africa] People's Democratic Party (PDP) leader Tendai Biti has warned that President Bob Muggsy Mugabe
Nonagenarian President-for-Life of Zim-bob-we who turned the former Breadbasket of Africa into the African Basket Case...
's government will soon reintroduce the Zim-bob-wean dollar as the bloated government struggles with its finances.

Government abandoned the Zim-bob-we dollar in 2009 after the currency had been rendered worthless by hyperinflation. The crisis peaked in 2007 when the country experienced the second-highest recorded inflation rate in history.

Biti, who served as a Finance minister during the Government of National Unity, said Zim-bob-weans should brace for another hyperinflationary environment as Mugabe puts the money printers into high gear.

"Our biggest fear is that Zanu PF's appetite for expenditure is insatiable," said Biti during his second State of the Economy Address (SEA) on Wednesday.

Posted by:Fred

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Posted by: Crererong Bonaparte2013   2017-10-29 23:55  

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