“A country looking at 100,000% inflation by year’s end. In which a business loan is available at 25% interest.”
Wow. Sounds like a pretty sweet deal to me. Borrow the equivalent of $10,000 in zimbabwean currency, convert it to $10,000 immediately, and in a year convert $15 dollars back into zimbabwean currency and pay the loan back in full.
Who’s going to give you $$$ for zimbabwean currency?