Mugabe bans cash 'hoarding' - Zimbabwe

[dArKeR]

President Robert Mugabe's government announced on Saturday that it was banning the "hoarding" of cash, in an attempt to deal with a desperate shortage of banknotes in Zimbabwe.

The state-controlled daily Herald newspaper quoted finance minister Herbert Murerwa as saying that according to regulations passed under Mugabe's sweeping personal powers, "the practice of hoarding cash would be penalised".

It said that the law was to "compel traders and parastatals (state-owned companies) to bank cash not immediately required for the purposes of their businesses."

Murerwa said a special unit, the "banking transactions promotion unit," would be set up to enforce the new law, backed by police and the central bank.

http://www.mg.co.za/Content/l3.asp?ao=18583

[German-Lefty]

1. Money Reform

They're gona show up at peoples buisnesses, kick in the door, and empty the register, because the government can't afford to print any more money.

It's going to hell. Very depressing.