Zimbabwe Can’t Paper Over Its Million-Percent Inflation Anymore
Robert Mugabe has kept his embattled regime in Zimbabwe afloat on a sea of paper money. Now, he’ll have to try to do it without the paper.
The Munich-based company that has supplied Zimbabwe with the special blank sheets to print its increasingly worthless dollar caved in to pressure on Tuesday from the German government for it to stop doing business with the African ruler.
Mr. Mugabe’s regime relies on a steady supply of the paper — fortified with watermarks and other antiforgery features — to print the bank notes that allow it to pay the soldiers and other loyalists …