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Zimbabweans scramble to offload old currency
HARARE: Zimbabwe may allow "exceptional" extensions to Monday's deadline to trade in old currency, state media said on Sunday as panicky consumers went on weekend shopping sprees to offload their old banknotes. The Reserve Bank of Zimbabwe last month announced it was lopping three zeros off the Zimbabwe dollar in a move aimed at taming hyperinflation and gave Zimbabweans until Aug 21 to adopt new banknotes. Central Bank Governor Gideon Gono told the Sunday Mail that while there would be no blanket extensions to the deadline, the bank might make a few exceptions. "As in all situations in life, there will always be genuine cases that merit exceptional consideration. We will treat each case on the basis of its own circumstances," Gono said, saying disabled people were one group who may win more time to make the switch.
Posted by: Fred 2006-08-21
http://www.rantburg.com/poparticle.php?ID=163550