Can you imagine that the highest denomination note would buy about two loaves of bread? Yes it is true. In this Friday at Harare Zimbabwe’s central bank unveiled a 500 million dollar note, as the African country struggles to manage with the world’s uppermost price rises and crippling money lacks. Finance minister Samuel Mumbengegwi declare the latest bills in a management gazette, bringing to 29 the number of figure of new notes put into flow this year alone.

The inflation problems in Zimbabwe are getting poorer day by day, due to total mismanagement of the present leader Mugabe’s government. In January, Zimbabwean Reserve Bank issued a 10 million dollar note to combat price rises and issued again a quarter of a billion dollar note as recently as 10 days ago. The half billon note, value about 10 US dollars, was launched jointly with a 200 million dollar bill, which the central bank said in a report was introduced for the “convenience” of the public. Just last Thursday, Zimbabwe launched a 100 million dollar bill that at the time was value of 14 US dollars and after passing one week its value is less than 50 cents.

The central bank is struggling to produce money quick enough to stay speed with prices that rise more than a few times in a day. Owing to currency shortages, money can now only be withdrawn one time a week from any banks. Ordinary citizens can pull out 500 million dollars a week as different companies are permissible to take out 50 million dollars.

The Mugabe’s government is fully disabled to keep running the wheel of finance. With no signs of relief, almost 80 percent of the Zimbabwean are living below the poverty threshold and have to suffer harsh shortages even for basic goods. In recent times an election was held in Zimbabwe and Mugabe’s opposition seemed to have won the elections but Mugabe is still dragging the case and hasn’t hand over his power.

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