Mozambique’s scandal regarding previously hidden public debt has severe- ly affected the MacroeconoMic variables of its econoMy. given that debt service payMents are now coMing due in large aMounts that had not been previously prograMMed, the governMent’s econoMic policy is being thrown into disarray in the fiscal, Monetary, and real sectors. this note traces the iMpact of this disaster on depreciation; inflation; and issuing Money.

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