| No, Zim-bob-we has not yet hit bottom. |
On top of rampant inflation, mass unemployment and shortages of fuel and basic goods the country is now suffering shortages of bank notes. The shortage remains despite the introduction of higher-denomination notes last week.
On Monday the central bank's governor, Gideon Gono, said banks would remain open on Christmas Day and Boxing Day to dispense cash after the new notes failed to cut long bank queues. But reports from the capital Harare on Tuesday said the banks were closed, leaving customers empty-handed and forcing many to join the lines at cash machines instead.
State media reported on Monday that the central bank had put another Z$20 trillion (worth about US$667m at the official exchange rate, or US$10m at the black-market rate) into circulation by introducing the new notes, Reuters reported.
| Yup, just print more money, that'll solve all the problems. |
| Yup, just jail people, that'll solve all the problems. |