Zimbabwe Economy

The unprecedented move was announced on Monday by the country's central bank, the Reserve Bank of Zimbabwe, to boost confidence in the local currency

The monetary policy committee more than doubled the key rate to 200% from 80%, Governor John Mangudya said in a statement on Monday

An internet rumour blazed through the country that desperate people were selling their toes for cash

Western governments that berated long-time ruler Robert Mugabe for violating civil rights are leveling similar criticism against his successor

The country, now led by Mugabe's long-serving security chief Emmerson Mnangagwa, is grappling with its worst economic crisis in a decade

Zimbabwe adopted a basket of foreign currencies in 2009 after hyperinflation, which saw some businesses increasing prices several times a day, rendered the local Zimbabwe dollar unusable

Zimbabwe has not been able to borrow from international lenders since 1999 when it started defaulting on its debt.