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History of Zimbabwe
Zimbabwe has just £138 left in the bank, finance minister says
Zimbabwe's finance minister has announced that the country only has £138.34 left in the state bank accounts.
http://www.telegraph.co.uk/news/worldnews/africaandindianocean/zimbabwe/9836132/Zimbabwe-has-just-138-left-in-the-bank-finance-minister-says.html
Tendai Biti made the announcement at press conference on Tuesday, declaring: "Last week when we paid civil servants there was $217 in government coffers".
Mr Biti went on to tell the shocked news reporters that they were individually likely to have healthier bank balances than the state's.
"The government finances are in paralysis state at the present moment," Mr Biti admitted.
The confession is the culmination of years of ruinous economic policy by Zimbabwe's despotic president, Robert Mugabe, who has ruled the southern African country since independence from Britain in 1980.
A decade ago Mr Mugabe, now aged 88, launched his controversial policy of expropriating white-owned farmland and handing it to blacks.