Zimbabwe financial crisis deepens
Updated on 02 October 2008
Zimbabwe's financial crisis has deepened as efforts to put more cash into circulation appears to spark a new round of higher prices for basic goods.
The country's Prices and Incomes Commission said it had seen "rampant and unjustified price increases" since the start of the week, when the government introduced higher denomination currency and raised the daily limit on withdrawals from bank accounts.
The measures aimed to help ordinary Zimbabweans, who are struggling with the world's highest inflation rate. The country's official inflation rate is 11 million per cent a year, but private financial institutions estimate it is far higher.
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