(Bloomberg) -- Ten years after hyperinflation of about 500 billion percent, Zimbabwe has now achieved another unenviable record: the most expensive fuel worldwide. The southern African nation’s government more than doubled the retail price of gasoline and diesel overnight as it seeks to boost fuel supply that’s been curbed by foreign-exchange shortages. The lack of dollars is hampering imports and caused food scarcities in a country that abandoned its own currency in 2009.
Read more: A QuickTake on how Zimbabwe’s first post-Mugabe election went wrong
To contact the reporter on this story: Rene Vollgraaff in Johannesburg at firstname.lastname@example.org
To contact the editors responsible for this story: Benjamin Harvey at email@example.com, Ana Monteiro, Riad Hamade
©2019 Bloomberg L.P.