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Zimbabwe has just £138 left in the bank 
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Zimbabwe’s finance minister has revealed the extent of the country’s economic plight by announcing it has just £138 remaining in its bank account. Tendai Biti made the extraordinary revelation at a press conference yesterday, admitting “the government finances are in paralysis state at the present moment”.

Mr Biti went on to tell shocked news reporters that they were likely to have healthier personal bank balances than the state had after it paid civil servant wages last week.


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Three out of four people in Zimbabwe live on less than £1 a day and over half of the work force is unemployed.

In the late 2000s, Zimbabwe began printing additional money in a desperate move to improve its finances, but this led to hyperinflation of 230 million per cent, rendering its currency worthless. Zimbabwe now uses US dollars.


More from The Independent here. As the first comment below the article states:"Given that the UK currently has a debt of over £1 trillion does this make the UK richer or poorer than Zimbabwe?"

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Wed Jan 30, 2013 1:59 pm
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I'm going to become a major investor with some change I found in my coat ;)

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Wed Jan 30, 2013 9:38 pm
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TBF, it's more than I've got. Mind you, I get paid tomorrow, I don't think Zimbabe gets a salary...


Wed Jan 30, 2013 9:40 pm
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but Mr Mugabe has a few billions/trillions stashed maybe he can help them out ...

as a foot note
France is skint as well, oh hum ...

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Wed Jan 30, 2013 10:03 pm
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MrStevenRogers wrote:
as a foot note
France is skint as well, oh hum ...

If you were to look at the debts of most countries we are all in the same mess. Governments have been responsible for a drop in regulations which has allowed banks to lend furiously and rely on savers in China and elsewhere to fund this debt binge.

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Wed Jan 30, 2013 11:59 pm
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Hmm, better than the USA or even the UK, which have minus several trillion...

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Thu Jan 31, 2013 5:09 am
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big_D wrote:
Hmm, better than the USA or even the UK, which have minus several trillion...

Deutsche Bank also has massive losses all across Europe so don't get too cocky. It is still not out of the woods and not even Germany could bail it out in a new crisis.

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Thu Jan 31, 2013 12:56 pm
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So is China the only country with any cash? Given their recent history of exploding everythings I hope they manage to keep the piggy bank safe!

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Thu Jan 31, 2013 1:03 pm
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JJW009 wrote:
So is China the only country with any cash? Given their recent history of exploding everythings I hope they manage to keep the piggy bank safe!

The Middle east is okay. Even countries like the Lebanon have very solvent banks with no risk of collapse. Most of Asia is pretty solvent, though China has large savings it also has a huge property bubble that is currently deflating and whether its banks will be solvent once that has finished is another matter.

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Thu Jan 31, 2013 1:23 pm
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