 Zimbabwe is introducing a bank note worth 100,000 Zimbabwe dollars, to help consumers as inflation exceeds 1,000%. The note will be worth about $1 at the official exchange rate, but only $0.30 on the informal market. The 50,000 Zimbabwe dollar bill, introduced only four months ago, is not enough to buy a loaf of bread. The government on Tuesday used its mineral exports to gain access to a $50m loan from a European bank, to pay for essential fuel and drugs. "It is not the first and last time to see us introducing bearer cheques and we will not hesitate to introduce higher denominations," Reserve Bank governor Gideon Gono said, according to the state-run Herald newspaper. The bills are known as bearer cheques since they are promissory notes rather than official legal tender, but are used in Zimbabwe in the same way as money. ...
http://news.bbc.co.uk
censor News |
Editor - 09:42:00 05-31-06
|
 US to publish Iraq deaths probe |
| The US government has promised to make public all the details of inquiries into the alleged massacre of Iraqi civilians by US marines last November. Washington made the pledge following claims that the killings.. full News |
Editor - 09:29:00 05-31-06
|
| Authorities Tight-Lipped About Bikini Strangulation Case |
| It has been five days since a 20-year-old Clemson University student was strangled with a bikini top and still little is publicly known about the killing. Authorities say they have leads but won't elaborate. A .. full News |
Editor - 09:24:00 05-31-06
|
| Gov't must reveal some eavesdropping info |
| Justice Department employees involved in a lawsuit filed on behalf of Sept. 11 detainees must disclose whether they know of any government monitoring of conversations between the detainees and their attorneys, .. full News |
Editor - 09:22:00 05-31-06
|
| Wounded CBS News Correspondent Breathing on a Ventilator but Recognizes Her Boyfriend |
| A CBS News correspondent critically wounded by a car bomb in Iraq that killed two colleagues was heavily sedated and breathing through a ventilator Wednesday at a U.S. military hospital in Germany, a spokeswoma.. full News |
Editor - 09:21:00 05-31-06
|
| Father of Marine Killed in Iraq Says Son's Comrades Did Nothing Wrong Despite Investigation |
| The father of a U.S. Marine killed by a roadside bomb in western Iraq in November believes his son's comrades did nothing wrong despite a criminal investigation into events that left more than 20 Iraqi civilian.. full News |
Editor - 09:19:00 05-31-06
|
|
| post The Good, The Bad and The Ugly |
|
|
