Dr Gideon Gono’s fame as a turn-around strategist derives from his time as head of the Commercial Bank of Zimbabwe (formerly the local branch of notoriously corrupt Bank of Credit and Commerce International – BCCI). That, it was said, explained his selection as governor of the Zimbabwe Reserve Bank in 2003. But Mr Nose and others of more cynical bent believe his appointment to the job was to facilitate concealment of monies being spirited out of the country.
Whatever the case, Zimbabwe’s central bank governor is accustomed to fighting his way out of corners. But this latest round, even Mr Nose must concede, was special.