Economics

If anything, the May 2019 official inflation figures indeed confirm our deepest fears. Touching the shores of 100% in May (actual inflation may be significantly higher), there is no sign of price escalations relenting anytime soon – indeed, they cannot relent for as long as the parallel market prevails. Inflation is truly heading northwards and the incipient buildup...

Introduction The battle for new currency stability faces severe headwinds, and the signs are not good. It was always going to be an uphill task, even under the best of conditions to re-introduce a currency that was 100% rejected in situ only a decade ago. No other currency has suffered the same extreme fate. Significant levels of dollarization,...