As Zimbabwe's money runs out, so does Mugabe's power


  • World
  • Friday, 25 Nov 2016

President Robert Mugabe addresses to his supporters during an election rally in Chitungwiza, Zimbabwe June 26, 2008. REUTERS/Philimon Bulawayo/File Photo

HARARE (Reuters) - In Zimbabwe, where worthless $100 trillion (80.36 trillion pound) notes serve as reminders of the perils of hyperinflation, President Robert Mugabe is printing a new currency that jeopardizes not just the economy but his own long grip on power.

Six months ago, the 92-year-old announced plans to address chronic cash shortages by supplementing the dwindling U.S. dollars in circulation over the past seven years with 'bond notes', a quasi-currency expected at the end of November.

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