Zimbabwe Only Has R2 000 Left In The Government Bank Account

30 Jan 2013 by Jasmine Stone in World

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The Zimbabwean Finance Minister, Tendai Biti revealed yesterday that there are only R2 000 left in the country’s government public account.

Biti was speaking to journalists in Zimbabwe’s capital, Harare, and added that some of them had healthier bank balances than the state.

Last week when we paid civil servants there was $217 (left) in government coffers. The government finances are in paralysis state at the present moment. We are failing to meet our targets.

Biti said that they are left no choice but to ask donors for cash.

We will be approaching the international community.

Zimbabwe has suffered from hyper-inflation of 231 million percent over the past decade, and the government also recently warned that it does not have enough money to fund the constitutional referendum and elections expected to take place later this year.

[Source: Business Insider]

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