World Bank sees a major risk in Zimbabwe’s currency plan - Townpress Newspaper
World Bank sees a major risk in Zimbabwe’s currency plan - Townpress Newspaper
Source: Townpress Newspaper
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DW NOTE
The World Bank has warned against a currency plan before — in Argentina, in Lebanon, in Sudan. Each time the warning was polite. Each time the collapse happened anyway. Zimbabwe has defaulted on external debt, run four different currencies since 2009, and recorded peak inflation of 500 billion percent. If the World Bank sees "major risk" in whatever Harare is proposing now, read that as certainty with diplomatic phrasing.