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Zimbabwe: $100 billion banknote to be launched as inflation soars Mon. July 21, 2008 04:23 am.- By Bonny Apunyu. - (SomaliNet) As Zimbabwe’s rampant inflation shows no signs of slowing down, Zimbabwe is introducing a $100 billion banknote But the note may soon be worthless in a country where the official inflation rate is 2.2 million per cent. The new bills will officially come into circulation Monday, although they were available in the market on Saturday. The new $100 billion banknote is not enough to buy a loaf of bread. It can only buy four oranges. The new note is equal to one dollar. Several new notes have been introduced in 2008 as a response to Zimbabwe's inflation problem. A $10 million banknote came into circulation in January but has now become almost worthless. –Agencies News Category: Africa Latest Headlines Latest News Rwanda: Extradited Rwandan aide to arrive in Fr... East Africa: UN experts urge extension of arms ... Somalia: EU, NATO naval forces track HK-flagged shi... Nigeria: Gunmen release hijacked cargo ship, free cr... Somalia: Somali pirates another ship -maritime grou... Ethiopia: Ethiopian troops won't stay in Somalia "i... Middle East: Israel allows aid goods to enter Gaza St... Burundi: Armed criminals kill 6-year old albin... Russia: Moscow journalist murder trial begins again ... Sudan: Police arrests 60 journalists in capital... More News...