Zimbabwe Has Just $217 In The Bank

[garbon]

http://www.huffingtonpost.com/2013/01/29/zimbabwe-217-bank-finance-minister_n_2576671.html

There's a lot you can buy with $200 if you're one person. There's not whole lot you can do with it if you're one nation, however.

Zimbabwe has just $217 in the bank after paying civil servants last week, Agence France Presse reports. While the amount is a stunningly low balance for an entire nation, it was somewhat expected.

The African nation has been struggling to recover from hyperinflation that stretches back a decade. In the past few years, flagging diamond exports as well as salary hikes have compounded the nation's financial woes, according to the Globe and Mail.

The country finds itself in particularly dire straits now as it appears to be short on funding for its upcoming national elections. Zimbabwe is aiming to double exports of diamonds this year but that likely won't be enough to bail itself out.

"We will be approaching the international community [for financial assistance]," Finance Minister Tendai Biti told the AFP.

Even if the elections are ultimately funded, many fear violence will stand in the way of meaningful change, The Guardian reports.

The idea of a country going broke, of course, isn't so novel as France, Spain and Greece remain perilously close to bankruptcy due to the Eurozone crisis. Iceland declared bankruptcy in 2008 due to the 2007 credit crisis, while Argentina did so in 2002 after the collapse of its national currency.

[Darth Wagtaros]

The comments mostly blame Obama for doing this here in the US.  I blame Jaron myself.

[Ed Anger]

Check the couch cushions. That should net them about 10 bucks.

[Crazy_Ivan80]

raid Mugabe and cronies' bankaccounts. That should help

[Caliga]

If I was Ed I would buy Zimbabwe.

Emperor Anger I

[Ed Anger]

If I was Ed I would buy Zimbabwe.

Emperor Anger I

[Crazy_Ivan80]

If I was Ed I would buy Zimbabwe.

Emperor Anger I

sounds like a Languish projct

[Zanza]

I am richer than Zimbabwe.

[jimmy olsen]

I would hope that every Languish member is doing better than Zimbabwe.

[Strix]

I would hope that every Languish member is doing better than Zimbabwe.

It's close after all the guns and magazines I had to run out to buy at the last moment! 

[DGuller]

It's not as bad as it looks.  That's a lot of money in Zimbabwean dollars.

[Ed Anger]

If I was Ed I would buy Zimbabwe.

Emperor Anger I

sounds like a Languish projct

If I did buy them, I present the Languish cabinet:

Security: Seedy
Interior: Peedy
Air Force: Neil
Navy: Tamas
Chief War Wizard: Any polack other than Mart

[Tonitrus]

If I was Ed I would buy Zimbabwe.

Emperor Anger I

sounds like a Languish projct

If I did buy them, I present the Languish cabinet:

Security: Seedy
Interior: Peedy
Air Force: Neil
Navy: Tamas
Chief War Wizard: Any polack other than Mart

That's like dividing by zero. 

[Alcibiades]

I didn't think that country could do any worse, but with that cabinet in those positions it sure looks possible.   

[Neil]

I think I could do a fine job.  I certainly wouldn't waste resources on nonsense like air superiority or strategic bombing.