Zimbabwe introduces 500 million dollar note

Zimbabwe's central bank introduced 500 million Zimbabwe dollar notes worth just $2 yesterday in the latest sign of spiralling hyperinflation, only a week after issuing the 250 million bill.

The new highest denomination note would buy about two loaves of bread.

The central bank also introduced special agricultural cheques in 5 billion, 25 billion and 50 billion Zimbabwe dollar denominations to facilitate payments to farmers during the current selling season.