Half Baked Measures In Futile Effort To Curb Hyperinflation

Almost this time last year Gono Personal banker to the dictator Mugabe slashed three zeros from the country's currency and introduced new bank notes for the convenience of shoppers who had resorted to carrying rucksacks full of banknotes to buy ordinary groceries. They have done it gain this year instead of slashing three zeros again Gono will be introducing a new Z$200 000 bank note worth GBP 50p today in a futile bid to curb inflation. Zimbabwe is grappling with high inflation with officials figures putting at 5000% but the truth that its nearer 22000% and will reach an an unbelievable 100000% but according to former US Ambassador to Zimbabwe Christoper Dell inflation will reach 1.5 million% by year end.

The introduction of the new note will note ease inflation in an environment where business is forced to slash prices thereby exacerbating the shortages of goods which in turn increases inflation. These measures fail to address the core problem at the heart of Zimbabwe's economic meltdown which is a crisis of governance. Thats MDC's position which is eloquently said by Nelson Chamisa

... until we resolve the governance issue, we are not going to find any economic solution because we will be tinkering on just the cosmetics.We want to address the fundamental issue, and the marrow of the matter here is to deal with the politics of the country, restoring democratic rights, making sure that we give people fundamental freedom...

Harare Water Shortage Looms
Harare could be facing water shortages despite the fact the dams supplying water to a city of 3.5 million inhabitants are 60% full in capacity. People have resorted to carrying their own water to work, those that are still employed by the government as they make sure that none of their buildings run out of water. This just comes after news that water will be available for only 7 hours in Bulawayo, Zimbabwe's second largest city with a population of 1.5 million people.