"Our Peers"

The Reserve Bank of Zimbabwe, which has the worst currency in the world, issued a statement applauding the international community for following its lead.

As Monetary Authorities, we have been humbled and have taken heart in the realization that some leading Central Banks, including those in the USA and the UK, are now not just talking of, but also actually implementing flexible and pragmatic central bank support programmes where these are deemed necessary in their National interests.

That is precisely the path that we began over 4 years ago in pursuit of our own national interest and we have not wavered on that critical path despite the untold misunderstanding, vilification and demonization we have endured from across the political divide.

...As Monetary Authorities, we commend those of our peers, the world over, who have now seen the light on the need for the adoption of flexible and practical interventions and support to key sectors of the economy when faced with unusual circumstances.

 

Yves Smith laughs but ends on a more serious note:  "Dr. Gono [author of the Zimbabwe Reserve Banks' report] is glad to have company. We can only hope that his comparison is erroneous."