Zimbabwe's central bank says it will soon introduce a 100 trillion dollar note as the once prosperous country battles to keep pace with hyperinflation that has caused many to abandon the country's currency.
Zimbabwe's central bank will introduce a $50 billion note -- enough to buy just two loaves of bread -- as a way of fighting cash shortages amid spiraling inflation.
Zimbabwe's central bank is introducing a $500 million note -- the highest current denomination -- as the once-prosperous southern African nation battles against spiraling hyperinflation.
The U.S. ambassador to Zimbabwe scolds the African country's president, Robert Mugabe, during a briefing.
Some Zimbabwean refugees who crossed into South Africa to escape a cholera outbreak still faced illness and disease.
Cash-strapped Zimbabwe revealed plans Saturday to circulate $200 million notes, just days after introducing a $100 million bill, Finance Minister Samuel Mumbengegwi said.
The Reserve Bank of Zimbabwe (RBZ) has introduced a $1,000 note -- $10 trillion in the old value -- as the country battles to end cash shortages in the hyper-inflationary environment.
Zimbabwe's troubled central bank introduced $100 billion banknotes Saturday in a desperate bid to ease the recurrent cash shortages plaguing the inflation-ravaged economy.
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