Zimbabwe central bank set to devalue dollar further
Updated on 30 July 2008
Zimbabwe's reserve bank has said that, from Friday, 10 zeros will be cut from the Zimbabwe dollar, reports Krishnan Guru-Muthy.
But with no end in sight to the political instability in the country that has prevailed since disputed presidential elections earlier this year, the economy is in free-fall and this emergency financial move is predicted to do little to help.
Talks to broker a government of national unity were also thought to have reached a stalemate.
The South African president, Thabo Mbeki, said power-sharing negotiations in Zimbabwe would resume on Sunday, however.
