Zimbabwean central bank authorities have a traceable record of overnight monetary policy changes. Memories of the former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono era of monetary policy hip-hop are still fresh in the mind. Having failed to extinguish the currency crisis, the monetary authorities joined the political bandwagon of peddling the sanctions mantra as the primary driver of the Zimbabwean economic demise.
Specific examples of the overnight changes were the frequent currency devaluations, printing of new notes and abrupt variations of bank regulatory rules. Overnight, one would wake up from having an account with billions or trillions of dollars to having a reduced figure whose zeros would have been truncated. The chant "from zero to hero" deserves a special mention.
...