Zimbabwe to receive fuel in return for gold and diamonds

Zimbabwe's President Robert Mugabe has made an exchange deal with Libya and Iran to receive bulk fuel supplies in return for the country’s gold and diamond resources.

This transaction may have been the reason for the President to disapprove a $200 million German investment in Zimbabwe’s diamond mine, with the intent to have a sole ownership to it. For a country which faces hyperinflation of 5000% per annum, and a shortage of fuel, the President’s deal may help revive its fuel crisis.