Zimbabwe. Larger than Germany and Japan, this country is really a land of paradoxes that only business and political analysts may decipher. Zimbabwe owns one of the largest reserves of plutonium in the world and actually sits on mountains of diamonds. However, the latest news shocked the entire world, when the governmental officials announced that the country’s budget account consists in only 217 dollars.
Last week, the Zimbabwe government paid the last salaries to their public employees, leaving the whole country’s budget limited to only 217 dollars. The Finance Minister went public and officially presented the disaster menacing this country. “After paying all the salaries to the public employees, the country’s budget is left with only 217 dollars. We face critical times and we will not be able to reach our set goals” declared the Minister in a statement for Atlantic Wire.
As the aforementioned publication, along with other economic analysts agreement upon the facts, the collapse this country is approaching faster and faster is not a Deus Ex Machina phenomenon, but mostly the grand finale of a policy started 12 years ago by the country’s president Robert Mugabe. As any dictator has done before, this one made sure nobody has the upper hand in the field of economics, so he forcefully took over the lands of more than 4.000 Zimbabwe farmers, slowly but surely driving the country’s agriculture into a ruin. In 2008, the inflation managed to rise to a level no country on the planet has ever seen before, leading specialists to believe there will be no salvation for the country or its people.
Food prices were said to double almost daily, forcing the government to issue the 100 billion Zimbabwe dollars bill. But the story didn’t stop here. In 2009, the Zimbabwe National Bank issued the 100 trillion dollars bill, making it almost impossible for saving the country’s future.
The Defense Minister Emmerson Mnangagwa, recently stated that the only solution in order to save the country from being extinct from the face of the Earth is to seek help from the international community. Zimbabwe suffers from a drastic lack of food and supplies and became dependent on the humanitarian international interventions. As voices in the press said, it’s only a matter of time until one rich country with a big appetite for precious stones will take charge of the problem.
The African country devastated by famine, hyperinflation and AIDS is run by dictator Robert Mugabe since 1987. Even if last year’s rumors predicted his illness-due death, Mugabe stated he wishes to run for another presidential mandate.