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/ 13 January 2008
Kennedy Tsambo’s faith in Zimbabwe’s banking system finally hit breaking point over Christmas when he spent an ultimately fruitless three days queuing to withdraw cash in order to buy a bus fare home. ”This was not a donation that I was queuing for, it’s my own money which I should be able to withdraw as and when I like,” said the 37-year-old.
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/ 11 November 2007
Zimbabwe marks the 10th anniversary this week of ”Black Friday”, when its currency plunged a record 72%, an episode widely regarded as the precursor of its subsequent economic meltdown. Under pressure after street protests, President Robert Mugabe ordered unbudgeted payouts for 50 000 of war veterans.
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/ 7 September 2007
President Robert Mugabe’s exchange-rate devaluation and promises of tax relief were dismissed on Friday by Zimbabweans weary of an economic crisis marked by the world’s highest inflation and severe shortages. His government’s latest bid to ease the economic turmoil, announced in a supplementary budget on Thursday, highlighted the worsening plight of the Southern African nation.