Zimbabwe has just $217 in the bank


After paying public workers’ salaries last week, the balance in cash-strapped Zimbabwe government’s public account stood at just $217, Finance Minister Tendai Biti said Tuesday.

“Last week, when we paid civil servants, there was $217 (left) in government coffers,” Biti told journalists in the capital, Harare, claiming some of them had healthier bank balances than the state.

Zimbabwe’s economy went into free fall at the turn of the millennium, after President Robert Mugabe began seizing white-owned farms.