Thursday, January 31, 2013

Zimbabwe Bank Balance $217

After paying the wages of civil servants, government Zimbabwe has only
as much as U.S. $ 217 money saved in the bank. The fund is the
government's budget to the public this year. "Last week, after we pay
the salaries of civil servants, government deposits the remaining U.S.
$ 217," said the Zimbabwe Finance Minister Tendai Biti told reporters
in the capital of Zimbabwe, Harare, told AFP on Wednesday
(01/30/2013). "The government's budget is down at this time. We (the
government) have failed to meet our targets," he added. Economic
condition Zimbabwe is going down since the turn of the new millennium.
Since the commencement of foreclosure fields, gardens and fields owned
by white people by President Robert Mugabe. Such a move would
undermine investor confidence in
the country who are in Africa. Production was
paralyzed, international countries to block and no tourists who want
to get into the country. After more than a decade, Zimbabwe
experienced some bad economic situation, like the great inflation that
penetrates 231% and stopping development because goods prices soar
after inflation. The situation in the country is now more slowly
stabilizing. Unfortunately, the public budgets and the government is
still chaotic business local residents faced with uncertainties such
as power supply problems,
dryness of liquidity and high labor costs. In fact, the government of
Zimbabwe itself has bluntly warned the people that they did not have
enough money to hold elections that had been expected to run this
year.

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