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Loaf of bread: $35 million dollars!!!! in Zimbabwe!!! WE ARE IN TROUBLE!!
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[link to www.cnn.com]
Hyperinflation forces Zimbabwe to print $200 million notesStory Highlights Price of a loaf of bread jumps to 35 million Zimbabwean dollars
Government accuses bank executives of illegal currency trading
Zimbabwe also faces widespread cholera outbreak; food, power shortages
President Robert Mugabe's policies blamed for economic collapse
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Read VIDEO HARARE, Zimbabwe (CNN) -- Cash-strapped Zimbabwe revealed plans Saturday to circulate $200 million notes, just days after introducing a $100 million bill, Finance Minister Samuel Mumbengegwi said.
Zimbabwe central bank governor Gideon Gono shows a new $50 million note Thursday.
After the $100 million note began circulating on Thursday, the price of a loaf of bread soared from 2 million to 35 million Zimbabwean dollars.
Amid allegations of illegal foreign currency trading, the government also fired top executives at four major banks Thursday, according to The Herald, a state-owned newspaper.
Many anxious residents of the nation's capital, Harare, have been sleeping outside banks, waiting for them to open so they can make withdrawals before the institutions run out of cash. Watch how Zimbabwe's children are suffering »
The Reserve Bank of Zimbabwe had capped maximum daily withdrawals at 500,000 Zimbabwean dollars: about 25 U.S. cents, or about a quarter of Thursday's price of a loaf of bread.
Last week, restrictions on cash withdrawals -- due to severe money shortages -- triggered riots.
Sixteen soldiers now face possible court-martial due to alleged looting and assaults on civilians and police during the unrest, police spokesman Wayne Bvudzijena told The Herald on Saturday.
Don't Miss Rice: Mugabe must go UK's Brown: Cholera outbreak an emergency Zimbabwe troops on street; cash limits ease Ill with cholera, Zimbabweans flock to South Africa "We are still investigating the case," he said. "But we expect the soldiers to appear before a court-martial once investigations are completed."
After spending several days waiting in bank lines, soldiers rampaged through downtown Harare, destroying shops and attacking riot police sent to disperse the protesters.
Cash shortages are not the only crisis plaguing Zimbabwe.
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