Odds ‘n Sods:
The Zimbabwean government debt and currency hyperinflation have progressed to super nova stage: “Zimbabwe’s domestic debt has trebled, from Z$15-trillion to nearly Z$43-trillion, casting a pall over any prospect of economic recovery. Latest central bank statistics show the public debt was Z$42.9-trillion on June16, up from Z$21-trillion on June 2 and Z$27-trillion on June 9. The country’s debt has continued to skyrocket against a background of deteriorating macroeconomic fundamentals and the socioeconomic situation. The central bank’s overnight accommodation recently stood at 850%, the inter-bank rate at 693.3%, and treasury bill yields at 510%.” Wow! This sounds like something out of …