Monday, July 09, 2007

Prices Cause Mass Arrests in Zimbabwe

A total of 1,328 Zimbabwean businessmen and women have been arrested and fined for breaking official price controls in the past two weeks. In order to tackle the world's highest rate of inflation - more than 3700%, the government ordered the prices of many goods to be cut in half. But the businesses said the new prices were below cost so some of them have closed. Zimbabwe's neighbors are trying to work on a plan to revive the economy, once one of Africa's most advanced.

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