Zimbabwe only has $217 in the bank

Zimbabwe

Mugabe’s been bouncing some checks.

For those who don’t know Zimbabwe was once a pretty prosperous country, more like mighty South Africa to the south than Zambia to the north. Now it’s a basket case rife with all forms of corruption and cronyism.

(From Quartz)

“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.

“The government finances are in paralysis state at the present moment. We are failing to meet our targets.”

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