1583Re: [ujeni] Zim news
- Aug 2 7:36 AMI am no longer at this address. When I have an address, I will contact you;
until then please stop the e-mails.
----- Original Message -----
From: Christine Chumbler <cchumble@...>
To: <shelley.milstein@...>; <email@example.com>;
Sent: Wednesday, August 02, 2000 7:42 AM
Subject: [ujeni] Zim news
> Zimbabwe devalues
> Farm invaders have ruined crops, hurting export
> Zimbabwe has devalued its currency in an
> attempt to jump-start its ailing economy.
> Finance Minister Simba Makoni said the
> government has decided to set the official
> exchange rate at 50 Zimbabwean dollars to the
> US dollar from 38 Zimbabwean dollars
> The currency had been trading at about 60
> Zimbabwean dollars on the black market.
> Mr Makoni said the
> move was needed to
> stabilise the economy
> and to prevent "a
> massive free fall" in the
> Inflation is already
> running at 70%, and a
> deepening currency
> crisis would only serve
> to stoke prices further.
> The overvalued currency means prices paid to
> exporters are low, hitting key industries such
> as tobacco and gold mining.
> Zimbabwe grinds to a
> Opposition support is strong in the cities
> Business and farm activity across Zimbabwe
> has been paralysed by a general strike called in
> protest at what unions see as a collapse of
> law and order.
> In the capital, Harare, and in towns across the
> country most shops and factories remained
> closed as workers stayed away to observe the
> The BBC's Grant Ferrett, reporting from outside
> the capital, said activity on commercial farms
> there had been brought to a complete
> standstill, with only essential work going on.
> The one-day stoppage
> was called by the
> powerful Zimbabwe
> Congress of Trade
> Unions following months
> of escalating violence
> ahead of the recent
> elections, and
> continued occupations
> of white-owned farms by supporters of
> President Robert Mugabe.
> The stoppage has won the backing of white
> commecial farmers and the main opposition
> Movement for Democratic Change (MDC), who
> appear to have ignored a threat by war
> veterans that they would occupy any farms
> taking part in the strike.
> Many farmers have received death threats and
> been told to stop preparing crops over the
> past few months.
> The government has condemned the strike
> action as illegal and has warned that it intends
> to step up its controversial land resettlement
> Support for the strike in Zimbabwe's urban
> areas reflects profound dissatisfaction with
> President Mugabe's government, borne out in
> recent elections results.
> By noon, usually bustling car parks and street
> markets in Harare were virtually deserted.
> "Everyone around us is out, so we closing too,"
> said Ian Sibanda, a furniture store manager.
> "Let's hope the government sees people are
> serious about this."
> What was planned as a three-day strike was
> reduced at the last minute to a one-day
> A union official said the leadership had resolved
> to limit the stoppage to Wednesday to give
> the government a chance to respond.
> "If the government does not respond, we will
> go on a much longer strike," said acting ZCTU
> Secretary-General Nicholas Mudzengerere
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