macro

World Bank Warns Zimbabwe Against Rush to Make ZiG Sole Currency - Bloomberg.com

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DW NOTE

The World Bank is warning Zimbabwe not to rush toward making the ZiG its sole currency. Zimbabwe has redenominated five times since 2008, abandoned its own currency entirely in 2009, then reintroduced it in 2019 only to see it collapse again by 2020. The pattern isn't incomplete transition — it's monetary authorities destroying savings on a predictable cycle, then blaming the pace rather than the policy.

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EM debt fares well amid US Treasury selloff - EnterpriseAM

Gulf Producers Find Workarounds As Hormuz Tensions Persist

Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

World Bank Warns Zimbabwe Against Rush to Make ZiG Sole Currency - Bloomberg.com

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