Sad news from Zimbabwe…
Zimbabwe is introducing a bank note worth 100,000 Zimbabwe dollars, to help consumers as inflation exceeds 1,000%.
The note will be worth about $1 at the official exchange rate, but only $0.30 on the informal market.
The 50,000 Zimbabwe dollar bill, introduced only four months ago, is not enough to buy a loaf of bread.
Zimbabwe is suffering from shortages of food, fuel and foreign currency. In April, inflation passed 1,000% per annum for the first time.
[Source: BBC News]
News like this truly breaks my heart.
I remember a beautiful, great, stable, ever flourishing Zimbabwe from my childhood, and then I see its state today, and it really saddens me.
What a big big shame.
[Via: The Emirates Economist]
Mugabe needs to step down ASAP! This guy is driving his country to hell.
I knew a few Zim friends abroad, really bright people! but none of them wants (or is even considering the option of) going home! they are all sick and tired of the system.
Oh I hate thinkin of such problems they are out of my powers and I feel terribly useless in this world :'(
Politicians in Africa are the only responsible for its bad conditions! For instance, lately Kenya was given millions of dollars; but only the living conditions of its politicians have improved however those of its inhabitants have worsened! Now that many singers and celebrities are focusing on giving money to poor countries, I think that they had better look for possible solutions to see if the money is spent in the real purposes that it was giving for.
(my English is not terrible, I must admit!)