Gideon Gono [Central Bank Governor of the Reserve Bank of Zimbabwe and the person who collaborated with Mugabe in overprinting paper money and hyperinflation] announced that Zimbabwe was broke. Mr. Gono also announced that he is not removing the official exchange rate of One US Dollar = 30,000 Zimbabwe Dollars. This revelation was published in the Quarterly Report of the Reserve Bank of Zimbabwe amid the fact that mining, tourism, and tobacco [which are the staple of Zimbabwe's economy] suffered extreme losses.
Mr. Gono also announced that the Reserve Bank of Zimbabwe is reliquishing its monopoly on the control of the flow of hard currency into the country. Also included in the announcement was Mr. Gono's proposal of a hard currency in a willing seller willing buyer which would draw hard currency in the black market to the Reserve Bank of Zimbabwe.
REFERENCE:
Yahoo.com: "Zimbabwe Government Shows Presidential Runoff Needed"
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