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Zimbabwe’s bank balance stands at $217

Posted on February 1st, 2013 at 4:24 by Sueyourdeveloper in category: News -- Write a comment

Quote

The balance in cash-strapped Zimbabwe’s government public account has fallen to just $217 after paying public workers’ salaries last week, Tendai Biti, the country’s finance minister has said.

“Last week when we paid civil servants there was $217 (left) in government coffers,” Biti told journalists in the capital Harare on Tuesday, claiming some of the workers had healthier bank balances than the state.

“The government finances are in paralysis state at the present moment. We are failing to meet our targets.”

No money and no credit.

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