Zimbabwe will slash 10 zeros from its currency from tomorrow, central bank governor Gideon Gono said yesterday in another attempt to bring relief to consumers. But economic analysts said the move would do nothing to end an economic meltdown blamed on President Robert Mugabe's policies, which have helped to push official inflation to 2,2million percent. Prices are rocketing on a daily basis as ordinary Zimbabweans struggle to survive, prompting the introduction last week of a 100 billion Zimbabwean dollar note. - Reuters
Zimbabwe will slash 10 zeros from its currency from tomorrow, central bank governor Gideon Gono said yesterday in another attempt to bring relief to consumers. But economic analysts said the move would do nothing to end an economic meltdown blamed on President Robert Mugabe's policies, which have helped to push official inflation to 2,2million percent. Prices are rocketing on a daily basis as ordinary Zimbabweans struggle to survive, prompting the introduction last week of a 100 billion Zimbabwean dollar note. - Reuters
Slashing zeros
Zimbabwe will slash 10 zeros from its currency from tomorrow, central bank governor Gideon Gono said yesterday in another attempt to bring relief to consumers. But economic analysts said the move would do nothing to end an economic meltdown blamed on President Robert Mugabe's policies, which have helped to push official inflation to 2,2million percent. Prices are rocketing on a daily basis as ordinary Zimbabweans struggle to survive, prompting the introduction last week of a 100 billion Zimbabwean dollar note. - Reuters
Zimbabwe will slash 10 zeros from its currency from tomorrow, central bank governor Gideon Gono said yesterday in another attempt to bring relief to consumers. But economic analysts said the move would do nothing to end an economic meltdown blamed on President Robert Mugabe's policies, which have helped to push official inflation to 2,2million percent. Prices are rocketing on a daily basis as ordinary Zimbabweans struggle to survive, prompting the introduction last week of a 100 billion Zimbabwean dollar note. - Reuters