The central bank annouced Thursday it would increase the denomination of the nation's highest bank note more than tenfold to keep pace with the world's highest inflation rate, officially estimated at 25,000 percent annually. Independent financial institutions say real inflation is closer to 150,000 percent.
The new 10-million note is the equivalent of about $4 at the dominant black market exchange rate.
He said special arrangements were being made to pay soldiers, police and other uniformed services ''because it is not desirable to see them queuing for cash.''
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