Paper Money: New Acquisitions

Good catch. I'm guessing you bought it off someone that "saved" it? Or are you said savior?

 

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Indonesia

 

Nice

 

I just happened to spot it on Ebay with no mention of the serial number (not joking, 100% serious) and got it for the opening bid of $14!

 

Iran

 

I just Googled 10,000 Bank of Iran Rials, and it said 25 cents USD. Is that right ?

 

I have no idea. That note was one of a big lot I bought a while back. It looks kind of evil to me, with that Ayatollah guy on it.

 

Yes, that is accurate. Iran has seen some pretty severe demonetization in recent years and it looks like their currency has absolutely tanked. In an attempt to revive it, they introduced the "toman," which remains the currency of finance, but the bills continue to say "Rials." From what I've read, and I may or may not have this right, a toman just differs in a single zero from a rial, so 10,000 Rials would equal 1000 toman. It sounds like this scheme hasn't worked to revive the currency.

 

Got these from my bank last week

 

Nice but well circulated so NAV

 

Iraq

 

There are sites that have currency conversion rates. Oanda.com tells me 42,000 Rials = 1.00 USD.

 

Sounds like allot...LOL

 

I do a lot of currency conversions and always use xe.com. Here is a banknote from Kyrgzstan. Hope I spelled that right.

 

always makes me think of those German hyperinflation notes from the 1920s. It is like, which country will be next...

 

I remember the Turkish Lira doing this, at one point 3,000,000 Lira equaled a dollar. They dropped several zeros in 2005.

Venezuela followed. Now 290,000 Bolivares (Soberano) is a dollar. That is after they dropped zeros as well, that's 29,000,000,000 Fuertes. lol

 

PDR Lao 5000 kip. A friend was telling me about the Zimbabwe money printed in billions and even trillions of dollars. It kind of makes me appreciate coins made of metal which has some real value.

 

I've taken an interest in notes recently, so I decided to start a one from every country set. My only requirement is that notes must be from my lifetime, beyond that I choose whichever note I like the most (and is reasonably priced).

Argentina - ND (2015) 5 Pesos


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Great colors two thumbs up