ECONOMIST Caesar Cheelo says the Bank of Zambia’s (BoZ) increased lending to government is tantamount to the printing of more money that has been reflected in the increased amount of cash in circulation. The central bank has remained silent on the official position as to whether or not it is printing money in response to the sudden surge in huge volumes of cash being splashed around by PF members, saying Law Enforcement Agencies (LEAs) must be engaged for action. Recent BoZ data reveals that the central bank’s lending to government more than doubled to 7.0 per cent of GDP as at end of December, 2020, from 3.1 per cent of GDP as at end of December, 2019, which is consistent…...

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