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| Zimbabwe rolls out Z$100tr note | Zimbabwe rolls out Z$100tr note |
| (40 minutes later) | |
| Zimbabwe is introducing a Z$100 trillion note, currently worth about US$30 (£20), state media reports. | Zimbabwe is introducing a Z$100 trillion note, currently worth about US$30 (£20), state media reports. |
| Other notes in trillion-dollar denominations of 10, 20 and 50 are also being released to help Zimbabweans cope with hyperinflation. | Other notes in trillion-dollar denominations of 10, 20 and 50 are also being released to help Zimbabweans cope with hyperinflation. |
| However, the dollarisation of the economy means that few products are available in the local currency. | However, the dollarisation of the economy means that few products are available in the local currency. |
| On Thursday, the opposition leader said he was still committed to power-sharing intended to rescue the failing economy. | On Thursday, the opposition leader said he was still committed to power-sharing intended to rescue the failing economy. |
| Since September, when the deal was signed, talks have stalled over who should control key ministries. | Since September, when the deal was signed, talks have stalled over who should control key ministries. |
| Movement for Democratic Change (MDC) leader Morgan Tsvangirai said he was due to hold talks with President Robert Mugabe "within this coming week" to try to resolve the political crisis. | Movement for Democratic Change (MDC) leader Morgan Tsvangirai said he was due to hold talks with President Robert Mugabe "within this coming week" to try to resolve the political crisis. |
| He described Mr Mugabe as "part of the problem but also part of the solution". | He described Mr Mugabe as "part of the problem but also part of the solution". |
| The latest annual figure for inflation, estimated in July last year, was 231m% - the world's highest. | The latest annual figure for inflation, estimated in July last year, was 231m% - the world's highest. |
| High prices | |
| "In a move meant to ensure that the public has access to their money from banks, the Reserve Bank of Zimbabwe has introduced a new family of banknotes which will gradually come into circulation, starting with the Z$10 trillion," Zimbabwe's state-run Herald newspaper quotes a bank statement as saying. | |
| Morgan Tsvangirai had threatened to pull out of the power-sharing deal | |
| But previous issues of new banknotes - and the dropping of several zeros from the currency - have done little to help Zimbabweans cope with inflation. | |
| On Tuesday, a 50bn Zimbabwean dollar note was issued, less than a month after a Z$500m bill was released. | |
| Correspondents say prices can double every day, and food and fuel - for those without US dollars - are in short supply. | |
| Some shops are licensed to sells goods in foreign currency but everyone from vegetable sellers to mobile phone service providers peg their prices to the US dollar. | |
| Most groceries are brought in by Zimbabweans from neighbouring South Africa, Botswana or Zambia, further driving up prices. | |
| There is more than 80% unemployment in the country and those with jobs find their salary is worthless unless they are paid in foreign currency. | |
| 'Insincere' | |
| Mr Tsvangirai is expected to return to Zimbabwe on Sunday after two months abroad. | |
| Under September's power-sharing agreement, Mr Tsvangirai is to become prime minister while Mr Mugabe remains as president. | |
| But the deal faltered after the MDC accused Zanu-PF of keeping the most powerful ministries - including the one that controls the police - to itself. | |
| As the political wrangling continued, Zimbabwe has been hit by a cholera epidemic that has claimed more than 2,000 lives, made worse by the collapse of the water, health and sanitation systems. | |
| Mr Tsvangirai, and Western nations, accuse Mr Mugabe of not being sincere about power-sharing. | |
| Mr Mugabe insists he welcomes the power-sharing deal, and has resisted growing international pressure to resign. |