• Short Summary

    Zaire's President Mobutu Same Seko has given public warning of plans to tackle rising prices and disadvantageous imports.

  • Description

    Zaire's President Mobutu Same Seko has given public warning of plans to tackle rising prices and disadvantageous imports. The warnings came during an address to 100,000 people in Kinshasa's "Stadium of May 20??? earlier this week.

    On the question of trade, the President said that Zaire would no longer import goods from countries which did not respect its official currency exchange rate. It was intolerable, he added, that the Zaire currency should be "sabotaged and sold short" even by countries that were among her best trading partners. Visibly angered, he warned that Zaire would cut off imports from such countries.

    In an effort to tackle inflation, President Mobutu announced that rents for stalls in the capital's market would be cut by half, so that stall-holders would no longer have an excuse to charge excessive prices.

    During a wide-ranging speech, President Mobutu also commented on the misuse of public funds by high-ranking government ministers and officials. He accused former Foreign Minister Losembe Batwanyele -- reported to have fled to Belgium -- of misusing 240,000 Zaire (about GBP200,00 sterling).

  • Tags

  • Data

    Film ID:
    VLVAAE0EVC4S67YZ95DZUZRZERRXE
    Media URN:
    VLVAAE0EVC4S67YZ95DZUZRZERRXE
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    03/08/1972
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:43:00
    Time in/Out:
    /
    Canister:
    N/A

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