Latest Channel 4 News:
UK mission hit in anthrax scare
46% think war is increasing threat
Anti-monarchy demo on Charles visit
Obama tribute to shooting victims
Germany's keeper in 'suicide' death

Zimbabwe financial crisis deepens

Updated on 02 October 2008

Source PA News

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.

These news feeds are provided by an independent third party and Channel 4 is not responsible or liable to you for the same.

Send this article by email


Watch the Latest Channel 4 News

Watch Channel 4 News when you want

Latest World news

More News blogs

View RSS feed

Afghan opinion poll

Soldier (Credit: Reuters)

Exclusive poll finds 73 per cent want troops brought home.

Blow to Afghan plan

Afghanistan

Do latest Afghanistan deaths scupper withdrawal plans?

The 'Wonga' saga

Simon Mann

Simon Mann: exclusive interviews, trial reports and his pardon.

Ruined civilisation

Peru

Destruction of the ancient Nazca civilisation in Peru.

Franco campaign

Franco's tomb

A man who built Franco's tomb wants him to be exhumed.

Twittering on

Start following Channel 4 News on Twitter today.

Click to launch.

Snowmail

Most watched

Most watched

Find out what's getting people clicking online this week.




Channel 4 © 2009. Channel 4 is not responsible for the content of external websites.