updated 4/4/2008 6:49:27 PM ET 2008-04-04T22:49:27

How much does it cost for a loaf of bread in Zimbabwe?

With inflation raging at more than 100,000 percent, a loaf costs 16 million Zimbabwe dollars.

Now, Zimbabweans can buy three loaves with only one bank note. Authorities on Friday introduced a new $50 million bank note, state media reported.

The new Zimbabwe dollar note is worth $1 at the widely used black market trading and can buy just three loaves of bread.

It was the third time in three months that the nation's central bank issued a higher denomination note in response to record inflation.

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