ZIMBABWE: You can't buy a loaf of bread for Z$50,000

. HARARE / Reuters / November 3, 2008 Zimbabwe will soon introduce higher denomination banknotes, of up to one million Zimbabwean dollars, in a bid to ease the effects of hyperinflation, the country's central bank said on Monday. The southern African country lopped 10 zeros off the currency on August 1, but it continues to lose value as inflation surges. The government put inflation at 230 million percent for July, the world's highest, although the Washington-based Cato Institute foundation estimates it now at 10,2 quadrillion percent. Currently, the highest denomination banknote is Z$50 000, not enough to buy a loaf of bread, and the central bank plans to introduce Z$100 000, Z$500 000 and Z$1-million (about $8) banknotes in a bid to help consumers battling to make simple purchases. © 2008 Independent Online