Zimbabwe’s central bank says it intends to repay $1.2 billion worth of foreign-denominated state debt, but it is unclear how it will do so.

The central bank’s latest figures put year-on-year inflation at 564% in January, although it is not clear how accurate official statistics are. South African media source marketwatch.co.za reported that the authorities’ “RTGS dollar” has lost more than 20% of its value on the black market against the US dollar since January 1. The official exchange rate