It is almost impossible to save money in local currency, because it disappears. As soon as they get a pay packet, people will buy a load of bricks. They'll build a wall, and when they've got enough bricks to make two walls, they'll make two walls. And then that's worth something, which their money would not be if they'd put it in the bank. So how long will this last? Do you think? Is there any change in sight?
The Kremlin’s propaganda machine ensures that Russians have a much different view of the war in Ukraine than the rest of the world. Our correspondent spent a day immersed in Russian media, to learn what people there see—and what they don’t. The spectre of hyperinflation is once again stalking Zimbabwe. And our obituaries editor remembers a man who refused to let Japan forget its painful past.
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