Zim rations cash - Democratic Underground

dArKeR

(1000+ posts) Send PM | Profile | Ignore

Mon Aug-18-03 08:11 AM
Original message

Zim rations cash

Zimbabwe has outlawed the holding by individuals and merchants of cash exceeding Z$5m (US$6 250) in another bid to stem a cash crisis that has hit the country for four months, the central bank said on Monday.

"It will be a criminal offence for any individual to be in possession of cash exceeding five million dollars at any time," according to a notice published Monday by the Reserve bank of Zimbabwe summarising the new law.

"This cash may be in their physical possesion, on any premises or land or simply under their control," the notice said, adding that the regulation is effective from August 24.

http://www.news24.com/News24/Africa/News/0,,2-11-1447_1403921,00.html

http://darker0darker.tripod.com/

Printer Friendly | Permalink | | Top

Systematic Chaos

(1000+ posts) Send PM | Profile | Ignore

Mon Aug-18-03 08:59 AM
Response to Original message

1. WTF?

And that's going to solve what, exactly???

So what happens to everyone who has MORE than that? Do they just go to some bureau office and hand in the money? Yeah, sure!!

So, maybe they can just trade it in for Dollars or Euros or something and be safe? Great jumping Jeezus.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Mon May 13th 2024, 04:36 PM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.