Zimbabwe continues to supply entries for record books – unfortunately, not of a good kind. This time its the news that the central bank will be printing 10,000,000 dollar bills. Sounds like a lot. Well, its not. Its not even enough to buy a hamburger in a cafe. And, with the way things are going in the country, you may be lucky if you find anything to buy – especially, since goods are disappering from the store shelves into the black market as police are attempting to prosecute entrepreneurs for raising prices. I wonder, why, unlike many others, Zimbabwe hasn’t been able to benefit from high global prices on natural resources (of which it has plenty)? Some think corruption is one of the major reasons.
Published Date: January 22, 2008