"Zimbabwe's beleaguered currency has lost half its value in three days, black market dealers said last night, prompting predictions that the country was plunging into an economic meltdown that its veteran leader Robert Mugabe would not survive.What more can I say? Zimbabwe is dying, and the world ignores it. The Zimbabwean people don't deserve to suffer like this. Something really does need to be done. Hopefylly Mugabe will get toppled by his own people, and Zimbabwe can try and come back from the devastating consequences of his incompetent and corrupt reign.
According to the government in Harare, one US dollar is worth 250 Zimbabwean dollars. But the free market rate yesterday reached more than Z$300,000 to one US dollar...
John Makumbe, a senior lecturer in political science at the University of Zimbabwe, said: "It is the economy that is going to bring the regime down.
"I don't think it's very sustainable. Right now the transport sector is grinding to a halt. A lot of people are now in abject poverty. With a million dollars you will be lucky to buy two or three items."" (The Telegraph)
22 June 2007
Zimbabwe Is Dying
Posted by ThunderDragon @ 4:43 pm
Labels: Foreign Policy, Zimbabwe