Zimbabwe gov't bans cash 'hoarding'

Zimbabwe's President Robert Mugabe passed a law last week banning the hoarding of bank notes. The law bypassed parliament and one economist said he was "mystified" about how it would be applied.

Source: Reuters

President Robert Mugabe has by-passed Zimbabwe's parliament to ban money "hoarding" to relieve the country's cash crisis, the state-run newspaper reported yesterday.

Finance Minister Herbert Murerwa said Mugabe signed in the new law last week without presenting it to parliament because o