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July 19th, 2008
Posted: 07:08 AM ET
HARARE, Zimbabwe (CNN) — Zimbabwe’s troubled central bank introduced new $100 billion banknotes Saturday in a desperate bid to ease the recurrent cash shortages plaguing the inflation-ravaged economy. The new bills, officially come into circulation Monday but they on already on the foreign currency dealers market Saturday. As high as they are, though, the new bills still aren’t enough to buy a loaf of bread. They can only buy four oranges. Once-prosperous Zimbabwe has seen an unprecedented economic meltdown since its independence from Great Britain in 1980, with the official inflation rate now at 2.2 million percent. |
 
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