Printing more money not feasible says Jefferies
Former deputy governor at Bank of Botswana, economist Dr Keith Jefferies has described as ill-advised the suggestion by a UB lecturer to print more money to raise the P66 million needed for civil servants back-pay.
In response to Mmegi’s queries Dr Jeffries said, “I do not even think government can consider that option; first we have reserves, the government is not broke despite the crisis…printing money is not necessary, it is not feasible”.
Dr Jeffries also says the government doesn’t print money. “Government can borrow, levy taxes.
I guess by printing money he means the government borrowing from Bank of Botswana (BoB), but as I said, even the BoB have legal restrictions on [continue reading]