Zim rations cash

[dArKeR]

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/

[Systematic Chaos]

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.