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23%  
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Keyword: gideongono

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  • I printed Zim dollar to stop coup, Gono says

    04/29/2018 9:20:56 AM PDT · by ameribbean expat · 14 replies
    Former Reserve Bank of Zimbabwe governor Gideon Gono says he was forced to print money even when he knew it would cause hyperinflation because the government was desperate to forestall a coup by hungry soldiers. Gono, who retired in 2013, told the Mashonaland West Business Conference in Chinhoyi last week that cash was used to pacify the troops. "If we had not done what we did printing money and allowing inflation to skyrocket, then the men and women you see in those beautiful uniforms, they were ready to get out of their barracks," he said. "Operation Restore Legacy would have...