AJMAN/WAM H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, …
Read More »Zimbabwe suspends bank lending
Bloomberg Zimbabwe has adopted its harshest solution yet to halt a currency crisis — ordering banks to immediately stop all lending. The southern African nation’s President, Emmerson Mnangagwa, blames banks for flooding the financial system with excess funds, fueling a currency slide and inflation. The weekend directive to freeze loans is the latest in a series of orders since …
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