Wednesday, 2nd July 2008 at 1:51 pm
Zimbabwe will have no more cash

According to a report on Fin24 yesterday; The manufacturer of Zimbabwe’s banknote paper will not supply any more notes to the country. This comes off the bank of pressure from the international community to force a change in Zimbabwe. Zimbabwe’s bank note paper was supplied by a German company called Giesecke & Devrient GmbH. The German government has asked the paper manufacturer to stop supplying Zimbabwe with the paper as a way of imposing sanctions on the country. This move will surely add more pressure on the Zimbabwe government as there will be no form of cash in the country. There is already a serious cash crisis in Zimbabwe and this move by the Germans will not ease the crisis in any way. The Zimbabwe government will have to look for another paper supplier and do it quickly as the German company has stop supplying with immediate effect.

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