WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2004-05-17 Time: 13:20:31 Posted By: Jan
[I seriously wonder how much of these “Zimbabwe Economy is recovering” stories are true, and how much is Mugabe’s propaganda to draw attention away from Zimbabwe, so he can quietly kick the MDC’s head in and reassert COMPLETE CONTROL over every aspect of that country’s life? Jan]
Harare – Zimbabwe’s inflation rate fell by 78.7% in April to 505%, an official newspaper reported on Monday, as the country pressed on with efforts to bring inflation down to under 200% by the end of the year.
The Herald attributed the drop from the previous month’s figure of 583.7% to the launch of a new monetary policy in December 2003.
In launching the tighter policy, Central Bank Governor Gideon Gono said he was confident that inflation would be brought down to less than 200% by December 2004.
Inflation has created extreme hardships for ordinary Zimbabweans, who have seen wages eroded and prices in shops going up on a regular basis.
Foreign currency shortages here, and a flourishing black market for hard cash, was blamed for fuelling inflation.
Foreign currency auctions introduced by the central bank last year have resulted in US$333.5m flowing into the official market in the first three months of this year, compared to $302m for the whole of last year, according to the bank.
Source: News24.Com
URL: http://www.news24.com/News24/Africa/Zimbabwe/…/p>