Zimbabwe Economy

Zimbabwe debuts gold coin as legal tender to stem inflation, boost currency

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

Zimbabwe central bank raises key rate to 200% amid rising inflation

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

Zimbabweans are counting their toes as inflation soars more than 130%

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

After two decades of political rot, Zimbabwe is coming apart at the seams

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

Zimbabwe after Robert Mugabe: Dashed hopes and economic turmoil

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

Zimbabwe to re-introduce local currency within a year: Finance minister

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's economic situation 'very difficult': IMF mission chief

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