afrol News, 12 January - Zimbabwe has today introduced a new 50 billion Zim-dollar note, which critics say its only enough to buy two loaves of bread.

According to reports, the Reserve Bank of Zimbabwe unveiled new 20 billion and 50 billion dollar notes in an advert published in the Herald newspaper.

The new bills are introduced less than a month after the country issued the 10 billion Zimdollar notes, in an effort to ease cash issuance and local trade transactions.

Zimbabwe, with a mega inflation of 231 million percent has come under serious strain of cash shortage, with most local shops said to be demanding foreign currency for goods of late.

The country has seen a downward economic streaming since the 2000 failed land reform policy implementation which saw many white farmers driven out of the land. With compounding political problems and unending brawls, even after the signing of a power sharing deal last September, Zimbabwe has seen increasing pressures on its economy.

Zimbabwe is also currently cited amongst the worst humanitarian crisis areas with the Cholera epidemic and lack of food ravaging through the poor populations because of collapse of services and almost everything.

By staff writer

© afrol News

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