Adding even more pressure to the situation, the minimum balance requirement on Zimbabwe’s checking account at the Harare Bank & Distrust is $200.
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.”
Mugabe probably raided the accounts again. But that won’t stop them from asking everybody else to pay for their election:
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.
Zimbabwe’s elections agency says it will need $104 million to organize the election — and probably another $100 million to rig it.
Three words of advice for you, Zimbabwe: Trillion. Dollar. Coin.