Posted on 02/18/2009 1:52:43 PM PST by george76
Zimbabwe's new finance minister says soldiers, teachers and civil servants will be paid in U.S. dollars as the coalition government tries to kick-start the shattered economy.
Tendai Biti, a member of Prime Minister Morgan Tsvangirai's opposition party, says some 130,000 government employees will receive $100 a month tax-free, replacing their local currency salaries.
Zimbabwe has the world's highest official inflation .
(Excerpt) Read more at charlotteobserver.com ...
Where will they get these US dollars?
Aren’t they afraid U.S. dollars are going to be worthless next?
Those North Korean super forgeries look like the real thing.
They bought some plates, ink, and paper from Iran or North Korea?
You mean the new Obamabucks?
Don’t worry, CONGRESS is doing its best to make sure those TEACHERS and SOLDIERS are stuck with WORTHLESS PAPER.
>>Where will they get these US dollars?<<
If I recall there is over a billion dollars in European aid waiting for the inclusion of the opposition in the government.
.
I think that’s in our new ‘stimulus’ package... right?
I mean, no one’s actually read the thing, after all.
I wonder how Mugabe is handling that. He has to allow the opposition to get aid.
So he either lets the opposition in and eventually drive him out, or let his people starve and wait for them to break into his compound and drag him and Grace into a deserted field and kill them.
You beat me to it. I suspect that N. Korea is selling them for $.10/$1.00.
N. Korea the second largest producer of US currency you know. They are the reason we have to change our money so often that nobody knows what it is suppose to look like and it's so easy for criminal to pass photocopies of money these days.
And there are no internal sources for foreign currency. On the upside, it will provide a formal means for the country to distribute the international handouts Mugabe will demand.
.....Where will they get these US dollars?.....
North Korea.....where do you think.
They are counterfit but the troops would reather have counterfiet US$$$ than ten zillion zim denominated notes.
Knowing that the Fed is warming up the printing presses as we speak, Zimbabwe would be better off switching to Monopoly money.
My daughter passed through Zimbabwe in December.
She said that commerce was already being conducted in US dollars.
There are several other countries, Ecuador comes to mind, that have the US dollar as their official currency.
The withholding tax from your last paycheck? They’re getting part of the bail out? Hussein’s good buddies paying under the table?
as the coalition government tries to kick-start the shattered economy.I'm sure the disaster in Zimbabwe will yield to the efforts of a coalition, particularly one which includes Mugabe. :') thanks geo.
Hey.,...a vote of confidence in Obama....GOOD....I think!
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