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1583Re: [ujeni] Zim news

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  • Phil & Libby Hooper
    Aug 2 7:36 AM
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      I am no longer at this address. When I have an address, I will contact you;
      until then please stop the e-mails.

      Thanks

      Joanna
      ----- Original Message -----
      From: Christine Chumbler <cchumble@...>
      To: <shelley.milstein@...>; <ujeni@egroups.com>;
      <seanconchar@...>
      Sent: Wednesday, August 02, 2000 7:42 AM
      Subject: [ujeni] Zim news


      > Zimbabwe devalues
      > currency
      >
      > Farm invaders have ruined crops, hurting export
      > revenues
      > 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
      > previously.
      >
      > 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
      > currency.
      >
      > 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
      > halt
      >
      > 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
      > strike.
      >
      > 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
      > programme.
      >
      > Dissatisfaction
      >
      > 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
      > action.
      >
      > 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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