HARARE, Zimbabwe, Dec. 20 (UPI) -- Reserve Bank of Zimbabwe Gov. Gideon Gono says his country is embracing a $20 billion note that is worth less than $20 in U.S. currency.
The banking official said Zimbabwe's central bank has introduced the new currency note to the country's struggling economy in an attempt to stem out-of-control inflation and aid members of the public during the forthcoming festive season, CNN reported Saturday.
Zimbabwe is struggling through a period of hyperinflation that has resulted in nearly $600 million in Zimbabwean dollars being worth a single U.S. dollar.
The country's economic struggles have also led to shortages in essential services and goods including food, fuel, medicine and electricity.
Despite the African country's problems, President Robert Mugabe has remained positive regarding the humanitarian struggle and ongoing power-sharing negotiations with opposition leaders, CNN reported.
"We will be inviting the two leaders -- Mr. Morgan Tsvangirai and Professor Arthur Mutambara -- to come and discuss the way forward," the president said Thursday.
