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Zimbabwe launches $200,000 note
Zimbabwe is to start circulating a new 200,000 Zimbabwe dollar note, in a bid to tackle the country's inflation, the highest in the world.
The new note, issued by the Reserve Bank of Zimbabwe from Wednesday, can buy 1kg (2.2lb) of sugar.
Food and fuel shortages have become common as the government relies more heavily on imports, pushing prices to new heights.
The official annual rate of inflation in Zimbabwe is nearing 5,000%.
In practice, this means the price of a loaf of bread costs 50 times more in cash than it did a year ago.
Zimbabwe is to start circulating a new 200,000 Zimbabwe dollar note, in a bid to tackle the country's inflation, the highest in the world.
The new note, issued by the Reserve Bank of Zimbabwe from Wednesday, can buy 1kg (2.2lb) of sugar.
Food and fuel shortages have become common as the government relies more heavily on imports, pushing prices to new heights.
The official annual rate of inflation in Zimbabwe is nearing 5,000%.
In practice, this means the price of a loaf of bread costs 50 times more in cash than it did a year ago.
Continued: http://news.bbc.co.uk/1/hi/business/6924062.stm
