Mugabe transferring funds to Malaysia: Report

January 10th, 2009 - 8:45 pm ICT by IANS  

Johannesburg, Jan 10 (DPA) Zimbabwean President Robert Mugabe is vacationing in Malaysia and has also transferred funds there, a South African newspaper reported.Mugabe’s wife, Grace - who went with their four children to Malaysia before Christmas - had organised a transfer of $92,000 from Zimbabwe’s central bank, the Saturday Star reported.

Mugabe, who followed last Monday, was using the vacation for routine health checks, while his personal doctor had also helped organise transfer of personal funds to Malaysia and Singapore.

The 84-year-old’s vacation, due to last a month, comes as the former African state endures the toughest economic and political crisis in its history.

Hyper-inflation has prompted the central bank to issue a new 50 billion-Zimbabwe-dollar note. Acting Finance Minister Patrcik Chinamasa Saturday announced the note - enough to buy two loaves.

In addition to chronic food shortages and lack of drinking water, Zimbabwe remains in the grip of a cholera epidemic in which at least 1,700 people have reportedly died, with some 35,000 infected.

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