Antonio Guterres UN Secretary, exposes that America and Europe printed a lot of money in Africa.
“America and Europe in Africa printed a lot of money.”
“The Prime Minister of Portugal had the support of the European Union and printed a lot of money in Africa. The United States printed a lot of money in Africa.”
UN Secretary: “So much money was printed. That was one of the causes, not the most important one; but one of the causes of the progressive Rising inflation that after the invasion of Ukraine became quite dramatic, and when inflation grows, interest rate grows and a country like Kenya has to pay a heavy price “
Guterres said that the excessive money printing succumbed Africa to being a double victim of colonialism.
African countries outsourced currency production.
“African countries that print their currency in Europe.”
Reuters: “South Africa’s finance deputy minister was quoted as urging the central bank to temporarily create money to fund the government response to the Covid-19 pandemic and its economic fallout.”
https://www.reuters.com/article/us-health-coronavirus-safrica-financing-idINKBN22F0GC
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