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(单词翻译:双击或拖选)
Days after Zimbabwe's central bank increased daily withdrawal1 limits, the lines outside Zimbabwe's banks are still as long as ever. As Tendai Maphosa reports from Harare this is seriously affecting productivity for those with jobs.
A depositor scrutinises a new 20,000 dollar bill unveiled by Zimbabwe's central bank in a bid to ease widespread cash shortages in Harare, 30 Sep 2008 |
Starting this week, Zimbabweans can withdraw, on a daily basis, 20,000 Zimbabwean dollars (equal to about $5) from their bank accounts up from the previous daily limit of 1,000 Zimbabwean dollars. But this has failed to reduce the lines that sometimes spill off the sidewalk onto the streets as people wait to withdraw their money. Most of them still say it is not enough to meet their daily needs in the country with the world's highest inflation rate.
In addition to the frustration2 this causes, president of the Zimbabwe Congress of Trade Unions (ZCTU) Lovemore Matombo tells VOA it is disrupting productivity in the work place.
"Some people have suggested that they can only work for eight hours for the whole week suggesting that four-fifths of production is lost per week," he said.
Matombo adds that this worsens the economic situation since the country's manufacturing sector3 has virtually collapsed4. Unemployment in Zimbabwe is estimated at more than 80 percent.
The ZCTU president says his organization had planned to demonstrate on October 1 against the then daily withdrawal limit of 1,000 Zimbabwean dollars. He says the increases only put the planned action on hold.
"What we are observing especially in Harare is characteristic of what's happening elsewhere around the country but we need to get information from our staff members from our trade unions representing the various provinces as to what is happening," said Matombo. "Once that is done we are going to march to the reserve bank in the case of Harare and to other reserve bank agencies in the case of the various provinces around the country."
Only weeks ago the central bank revalued the currency by loping off ten zeros. This was so people would not have to carry piles of money for the most basic transactions. But the zeros are coming back - on the day bank withdrawals5 were increased, Z$10,000 and Z$20,000 notes were introduced.
An economist6 speaking on condition of anonymity7 told VOA that the note shortage could be partly due to a shortage of printing paper. This is because a German firm, which used to supply Zimbabwe, stopped doing so citing the government's poor human rights record. He however added that an abundance of notes would simply drive Zimbabwe's hyperinflation. The solution, he says is to get the country's economy working again.
Critics of President Robert Mugabe blame his government's mismanagement for Zimbabwe's economic woes8. He in turn says Western imposed sanctions are to blame.
Meanwhile, strike action over pay by its pilots has forced the national airline, Air Zimbabwe, to ground its fleet for 48 hours starting Friday.
1 withdrawal | |
n.取回,提款;撤退,撤军;收回,撤销 | |
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2 frustration | |
n.挫折,失败,失效,落空 | |
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3 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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4 collapsed | |
adj.倒塌的 | |
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5 withdrawals | |
n.收回,取回,撤回( withdrawal的名词复数 );撤退,撤走;收回[取回,撤回,撤退,撤走]的实例;推出(组织),提走(存款),戒除毒瘾,对说过的话收回,孤僻 | |
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6 economist | |
n.经济学家,经济专家,节俭的人 | |
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7 anonymity | |
n.the condition of being anonymous | |
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8 woes | |
困境( woe的名词复数 ); 悲伤; 我好苦哇; 某人就要倒霉 | |
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