The Patriotic Front Government is said to be considering printing money ahead of August 11 elections , Bank of Zambia sources have revealed.
A source within the Central Bank however said Bank of Zambia Governor Denny Kalyalya is against the idea as it would further distort the already ‘dead’ economy.
The source said some Ministry of Finance officials are also against printing money.
“There is a problem. There is no money in the treasury and the PF is panicking that we will go to elections without money so they are even suggesting printing extra cash but Kalyalya and some chaps from the Ministry of Finance have opposed the idea,” the source said.
Further, the source said State House may bulldoze and print money.