Zimbabwe’s finance minister has admitted that the country only has €161 left in it’s bank account. So you can safely say you’re richer than Zimbabwe.
The Zimbabwean finance minister Tendai Biti admitted to reporters yesterday that his country’s bank account is running close to the red after the country paid civil servant wages last week. He said, “the government finances are in paralysis state at the present moment”.
So, how does a country that was once hailed as Africa’s ‘bread basket’ have less money than the average student? Well, it’s all down to one person called Robert Mugabe (pictured above). We’re sure you’ve heard of him, but just in case you didn’t here he is being portrayed in a Nando’s advert along with some other nasty characters…
Mugabe has been the president of Zimbabwe for the past 32 years (since it gained independence from Britain) and Biti admitted yesterday that the country’s funds are low thanks to Mugabe’s failed economic policy.
Back in 2000, Mugabe’s government began reclaiming land owned by white farmers in order to give it back to native Zimbabweans. Over 4,000 white farmers were forced to leave their land behind, which left many investors wondering if Mugabe was ‘all that’.
In the late 2000’s, Zimbabwe began printing loads of extra money, which lead to hyperinflation causing the nations currency to become absolutely worthless, to the point that the now use US Dollars.
It’s only a matter of time before they try to sell the place on DoneDeal.
