200 million dollar note--WOW..!!

Inflation-wracked Zimbabwe plans to introduce a 200 million dollar note just days after a 100 million dollar note came into circulation.The 200 million dollar not will bring to 28 the number of notes put into circulation by the central bank this year alone, as the country struggles with the world's highest inflation rate of 231 million percent. 

The central bank introduced 100 million, 50 million and 10 million dollar notes while at the same time increasing withdrawal limits for individuals and companies. Cash  can now only be withdrawn once a week from banks, according to the latest measures by the central bank. Ordinary people can withdraw 100 million dollars a week while companies are permitted to withdraw 50 million dollars. This is strange and insecure as the cash has to be kept in houses or in wallets or in the corporate treasury.

Can you relate the rising of the prices of basic goods and services when the 100 million dollar note was introduced? The 100,000 banknote is worth only one US dollar on the widely-used parallel black market and is only half the amount needed to buy a loaf of bread.