Zimbabwe debt soars to Z$1,4 trillion - Democratic Underground

dArKeR

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Sun Sep-12-04 10:39 PM
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Zimbabwe debt soars to Z$1,4 trillion

Zimbabwe's domestic debt which stood at Z$590,5-billion in December last year has ballooned to Z$1,4-trillion in June. Latest figures available from the Reserve Bank of Zimbabwe on the country's foreign debt are for November when the figure stood at US$4 billion.

The domestic debt, which stood at Z$346-billion in December 2002 rose dramatically to Z$546-billion as at June 30 2003.

NMB Holdings Ltd this week said Treasury Bills, which were mainly two-year paper, account for 93% (Z$1,3-trillion) while government stock accounted for the balance of 7%.

http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-Business&ao=121987

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Joanne98

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Sun Sep-12-04 10:59 PM
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1. You got to be kidding...........

I'm not even going to ask how that happen.

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expatriot

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Sun Sep-12-04 11:03 PM
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2. Zimbabwe announces plans to send 380 troops to Iraq

Bush announces debt relief package in response to Zimbabwe's deployment.

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Yupster

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Sun Sep-12-04 11:19 PM
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3. Had a nice talk with a guy from Zimbabwe just

yesterday.

He's an engineering student working as a waiter at a steakhouse.

Very pessimistic about his government. Said the brain drain is going to hurt for a long time, especially young blacks like him leaving if they can.

He told me many have British citizenship and are therefore going there.

I asked him if his plan is to go back someday (his mom is still in Harare) but he said that was the plan when he came here, but now he's happy to stay. He sure loves America. I hope he can be a citizen if he wants to be, because he will be good for our country. He said to him it's been paradise.

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