HARARE , Zimbabwe ( CNN ) -- The Reserve Bank of Zimbabwe ( RBZ ) has introduced a $ 1,000 note -- $ 10 trillion in the old value -- as the country battles to end cash shortages in the hyper-inflationary environment . Zimbabwe 's currency is trading around Z $ 350 -- $ 35 trillion in the old value -- against U.S. dollar . However , analysts said the new note -- which can only buy a loaf of bread -- will not ease pressure on cash shortages because of the ever-increasing prices . `` It will not make even a small impact . What we need in Zimbabwe is a clear change of policies , start production and then inflation will start easing up , '' said John Robertson , an economic consultant . `` The zeros seem to be coming back no matter how often they slash them . '' In August , Zimbabwe slashed ten zeroes on the currency ; two years earlier the country slashed three zeros . The zeroes keep bouncing back in the country that has an inflation rate of 11.2 million -- the highest in the world . Zimbabwe 's agro-based economy has been on a free-fall for more than a decade now . The situation was exacerbated by the destruction of commercial agriculture in 2000 when President Robert Mugabe 's government embarked on a violent land grab from white farmers and gave it to inexperienced black farmers . Mugabe denies that he is to blame for the country 's economic collapse , citing economic sanctions that have been placed on Zimbabwe . Since 2000 , Zimbabwe 's currency has been depreciating against major currency . It is trading around $ 350 Zimbabwean dollars -- $ 35 trillion in the old value -- against the U.S. dollar .
Z $ 1,000 note can only purchase a loaf of bread . Zimbabwe 's agro-based economy in free-fall for more than a decade . Robert Mugabe blames country 's economic collapse on sanctions .