This left me chuckling and shaking my head for several minutes.
How in the fuck does a country with the world’s largest platinum and diamond reserves have a net worth less than a pair of Air Jordan sneakers?
Are YOU richer than Zimbabwe?
This is seriously funny shit.
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Zimbabwe has $217 in the bank: finance minister
HARARE — After paying public workers’ salaries last week, the balance in cash-strapped Zimbabwe’s government 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.
“The government finances are in paralysis state at the present moment. We are failing to meet our targets.”
Zimbabwe’s economy went into free-fall at the turn of the millennium, after President Robert Mugabe began seizing white-owned farms.
The move demolished investor confidence in the country, paralysed production, prompted international sanctions and scared off tourists.
After more than a decade — in which the country suffered hyper-inflation of 231 million percent and infrastructure that crumbled as quickly as prices went up — the situation is now more stable.
But public finances remain a mess and local business battles against unstable electricity supplies, lack of liquidity and high labour costs.
Zimbabwe’s government has warned it does not have enough money to fund a constitutional referendum and elections expected this year.
Biti said that left no choice but to ask the donors for cash.
“We will be approaching the international community,” he said.
The country’s elections agency said it requires $104 million to organise the vote.
Government’s national budget for this year stands at $3.8 billion and the economy is projected to grow 5.0 percent.
The mineral rich country is now using the US dollar and the South African rand.
Administrator says:
They need to hire Turbo Tax Timmy Geithner and outsource their currency administration to Bennie and the Inkjets.
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24th February 2013 at 11:55 am
Eddie says:
Turn Mugabe upside down and shake him and see what falls out of his pockets.
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24th February 2013 at 12:21 pm
Stucky says:
I don’t wanna brag or nuthin’ …. please don’t hate me for my success …. but I am at least THREE TIMES as rich as Zimbabwe. Take that, bitchezz !!!!
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24th February 2013 at 12:35 pm
Pusnutz says:
Steal some more from the poor fucking taxpayer. Where’s the problem?
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24th February 2013 at 1:01 pm
Ron says:
Get someone to lend you some printers.
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24th February 2013 at 1:03 pm
Welshman says:
231 million percent hyper-inflation when our U.S. dollar is worth .04 cents, hummm. I don’t think my calculator could handle the math.
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24th February 2013 at 1:39 pm
Stucky says:
Not a joke pic. Actually Zimbabwe currency.
Used to purchase one kilo of bananas.
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24th February 2013 at 1:47 pm
elby says:
At least they’ve got something in the bank. We should be so lucky. They are about 16 trillion bucks ahead of us.
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24th February 2013 at 3:20 pm
Llpoh says:
Step one – have the richest nation in Africa.
Step two – put Mugabe in power.
Step three – run off white businessmen
Step four – run off white farmers and give their farmland to blacks
Step five – print money when the economy tanks, to make inflation billions of percent per year
Step six – implement US dollar as your currency
Step seven – realize their are no white businessmen or farmers left
Step eight – count your money and see their is only $217 left
Stupid is not even close to what they are.
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24th February 2013 at 3:27 pm
Llpoh says:
“There”. WPES
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24th February 2013 at 3:28 pm
Novista says:
*shudder*
It struck me how much Obumble and The Bernank could learn from Mugabe and Gideon Gono.
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24th February 2013 at 11:26 pm
IndenturedServant says:
LOL! I’ve got a set of the Zimbabwe Trillion Dollar Notes including 10, 20, 50 and 100 trillion. As I understood it, between the time they were printed and the time they made it to the banks for circulation, they became worthless. My examples are brand new and extremely crisp. Oddly enough, they are worth more money as a novelty in nearly every country on Earth except Zimbabwe.
I_S
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24th February 2013 at 11:41 pm
TeresaE says:
Back in the dark days of ’04/’05, we had weeks were we had less than a grand and payroll is always, always, always, due on Friday.
So, it sucks big time.
Zimbabwe isn’t the only country that is living on fumes and hopium.
Coming soon to an America or European nation near you.
sweet.
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24th February 2013 at 12:23 am