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Money printing, 2,200% inflation keep 80% of Zimbabweans in poverty

Dilshan Wirasekara, Chairman of the Colombo Stock Exchange

HARARE, May 13, 2007 (AFP) - Zimbabwean cashier Cosmas Gwizo does not look forward to pay day.
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For the 43-year-old earning 500,000 Zimbabwean dollars a month (about 2,000 dollars) the receipt of his salary cheque is a painful rather than joyous occasion.
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"Each time I receive my pay cheque I start scratching my head trying to work out how I will manage for the coming month and I find the money will not last me a week," Gwizo told AFP.

"I often forego basics like milk, cut down on things like meat and stay at home if I can't pay bus fare to work.

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It's painful when you work and yet you can't properly feed and clothe the body that toils.
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"

In its most recent report, the government's Central Statistical Office (CSO) said the poverty threshold for a family of five had risen from 973,800 Zimbabwean dollars a month in February to 1.7 million in March as inflation reached 2,200 percent.

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A family with an income below this margin is classified as poor, calculated on the cost of a basic basket of goods and services an average household requires to survive -- including foodstuffs, transport and basic healthcare.

Figures from the Zimbabwe Congress of Trade Unions (ZCTU) put the poverty line at 19,000 Zimbabwean dollars in May 2002, when annual i

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