HARARE - Zimbabwe’s former finance minister Tendai Biti said the country’s economic crisis has reached critical levels as prices of goods are shooting up daily and the hyperinflation rate remains high.
Biti said,"there is a meltdown in the country, if you want to see the health of the country look at the exchange rate. In Mozambique, during the war years, we knew things were bad because the Metical had collapsed, in Zambia under Kenneth Kaunda we knew things were bad because the Kwacha had fallen, and under Robert Mugabe, in 2008 and 2009 because the Zimbabwean Dollar had collapsed we were trillionaires who were poor.
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