Anorak News | More Bang! Bang! Bang! For Your Buck In Mugabe’s Zimbabwe

More Bang! Bang! Bang! For Your Buck In Mugabe’s Zimbabwe

by | 22nd, June 2007

zimbabwe.jpgIF you’re planning to pop across the Atlantic to make the most of the strong pound, maybe you should consider going to Zimbabwe.In terms of how much Zimbabwean dollar you can get for your pound, there has never been a better time to go to the African country.

Under Robert Mugabe’s handling of the economy, the country’s dollar has lost half its value in three days, according to black market dealers. Indeed, while the Harare Government claims that the US dollar is currently worth 250 Zimbabwean dollars, the free market rate yesterday reached more than a staggering Z$300,000 to one US dollar.
John Makumbe, a lecturer in political science at the University of Zimbabwe feels that the dismal economy could lead to Mugabe’s downfall.

He tells us: “It is the economy that is going to bring the regime down. I don’t think it’s very sustainable. Right now the transport sector is grinding to a halt. A lot of people are now in abject poverty. With a million dollars you will be lucky to buy two or three items.”

A six-mile ride on public transport into the centre of Harare can cost up to a tenth of someone’s monthly wages.

Book now to ensure disappointment…

Posted: 22nd, June 2007 | In: Money Comment | TrackBack | Permalink