Biti says you cannot buy four loaves of bread with $60 000


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Former Finance Minister Tendai Biti yesterday told Parliament that one could not buy four loaves of bread with $60 000.

Bread currently costs less than $1 000 in most shops.

Biti said this during his debate on the supplementary budget that was presented by Finance Minister Mthuli Ncube last month.

“Most of us are earning 60 000 RTGs; 60 000 RTGs cannot buy you four loaves of bread; it cannot buy you four bottles of cooking fat.  It cannot buy you four bottles of Mazowe,” he said.

Makes one wonder where Biti does his shopping.

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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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