Borrowers have probably always accused banks of charging excess interest. A clay tablet from ancient Babylon, from about 700 BC, records a loan made by bankers Egibi and Son, of 'two-thirds of a manna of silver ... at an interest of one shekel monthly upon the manna'. Since a manna was worth 60 shekels, this implies an interest rate of about 20 per cent per year - much like the rates charged by banks today.
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