HARARE, Zimbabwe - How much does it cost for a loaf of bread in Zimbabwe?
With inflation raging at more than 100,000 percent, a loaf costs 16 million Zimbabwe dollars.
Now, Zimbabweans can buy three loaves with only one bank note. Authorities on Friday introduced a new 50 million bank note, state media reported.
The new Zimbabwe dollar note is worth $1 at the widely used black market trading and can buy just three loaves of bread.
It was the third time in three months that the nation's central bank issued a higher denomination note in response to record inflation.
http://news.yahoo.com/s/ap/20080404/ap_on_re_af/zimbabwe50_million_note
With inflation raging at more than 100,000 percent, a loaf costs 16 million Zimbabwe dollars.
Now, Zimbabweans can buy three loaves with only one bank note. Authorities on Friday introduced a new 50 million bank note, state media reported.
The new Zimbabwe dollar note is worth $1 at the widely used black market trading and can buy just three loaves of bread.
It was the third time in three months that the nation's central bank issued a higher denomination note in response to record inflation.
http://news.yahoo.com/s/ap/20080404/ap_on_re_af/zimbabwe50_million_note
