Zimbabwe's former central banker says he printed money to prevent coup

Section:

From Bulawayo 24 News
Bulawayo, Zimbabwe
Sunday, April 29, 2018

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.

... Dispatch continues below ...



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"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 happened much earlier, but not one that we would have been commanding ourselves." ...

... For the remainder of the report:

https://bulawayo24.com/index-id-news-sc-national-byo-134280.html

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