New $50M bank note introduced
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 50 million Zimbabwe dollars.
Now, Zimbabweans will need only one bill to pay for it. 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.