(NDJ) – According to the Zimbabwe Minister of Finance, Tendai Biti, the African country has just 217 dollars left in its treasure chest.
NDJ World | Published: Jan 30 2013 Africa→World News
“Next week, after we’ve paid our state officials, there will only be 217 dollars left in the country’s treasure chest,” Biti told a group of journalists.
Zimbabwe minister of finance Tendai Biti says his country is flat broke. Photo Credit: BRUNOPRESS
He smirked that some of the journalist were probably much richer than the country they were reporting about.
“The state’s finances are in the waste basket. We are not reaching a single one of our goals,” Biti said.
Biti says that Zimbabwe has no other choice but to ask other countries for donations so that the country can pay for the elections that are scheduled to take place later this year.
The election commission has said that Zimbabwe’s election will cost about $US104 million.
Zimbabwe uses US dollars for its primary currency. The country’s original dollar has been dropped after continued hyper inflation made it worthless in 2009.
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