Finance minister: Zimbabwe has $217 left in the bank

From Foreign Policy Tue Jan 29 2013, 13:06:54

Though economic conditions have improved in Zimbabwe since the days of 231 million percent inflation, this week brought some pretty disturbing news

After paying public workers' salaries last week, the balance in cash-strapped Zimbabwe's government public account stood at just $217, Finance Minister Tendai Biti said Tuesday.

"Last week when we paid civil servants there was $217 (left) in government coffers," Biti told journalists in the capital Harare, claiming some of them 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."

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