Zimbabwe’s president orders banks to stop lending
It is an odd way to prevent hyperinflation
Editor’s note (May 13th 2022): Late on May 12th the Reserve Bank of Zimbabwe issued a short statement on Twitter saying that the ban on bank lending would no longer apply to “marketable commodities such as tobacco, cotton, sugar, maize, etc”.
This article appeared in the Middle East & Africa section of the print edition under the headline “Savings and groan”
Middle East & Africa May 14th 2022
From the May 14th 2022 edition
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