AMERICAN water conomist Steve Hanke has mocked Zimbabwe’s introduction of its new currency, the ZiG, declaring that the country is on a merry-go-round regards its monetary policies. The ZiG, which Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu promised is backed by gold, replaced the RTGS and Bond Notes whose value had heavily plummeted. From…
American Geography academic Steve Hanke has said that Finance Minister Mthuli Ncube should throw in the towel and admit having failed to resolve Zimbabwe’s economic challenges. Hanke said this about Zimbabwe’s galloping inflation that now stands top of the world exactly 1,170% above second-placed Argentina. The Johns Hopkins Professor, who has been measuring Zimbabwe’s inflation…
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