Zimbabwe to introduce $100 billion note

HARARE - Zimbabwe will introduce a new $100b note tomorrow, further stimulating world record inflation already running at 2.2 million per cent per-annum.

The BBC reported the new note would barely cover the cost of a loaf of bread.

The African nation has already issued at least six new high denomination notes in 2007.

A $50-million note was issued in April, along with a $100 million note and $250 note.

The country's economy has been in a downhill slide since President Robert Mugabe evicted the white farmers in the mid-1990s.

Mugabe is still clinging to power after an election which independent UN observers said was neither free nor fair.

- NZ HERALD STAFF