http://www.geocities.ws/mercuguinness/mercuguinness.html#ZIMBABWE https://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe#Demonetization THE SOURCE OF THE ATTACHED NEWS PHOTOGRAPH IS IN MALAY / INDONESIAN , SO I TRANSLATED ONLY THE TITLE , AS THIS POST TITLE.
The last portion of the Wikipedia article sounds as if it had been written by some gold bug or lover of Italian cars. Quote: >it will begin a process to "demonetise" (i.e., to officially value a fiat currency at zero).< As for coins, what I found ironic is that the government "recycled" older coins about 10 to 15 years ago: After the 2008 redenomination (one of many ...) the coins from 10 cents to 2 dollars were re-issued and circulated for a few weeks, or maybe months, before the hyperinflation made them useless again. Christian
Also happened in Brazil. First the Reis was devalued, then they came up with I think the Cruzado, then the Cruzeiro. This bill is a 1000 cruzeiro note. Then the New Cruseiro. Here they overstamped the bill with a 1 which was the exchange: 1000 Cruseiros = 1 New Cruzeiro. Then they developed the Real which is the current currency.
The Deutsches Reich even had a 100 Billionen (100 trillion) mark note ... They kept adding zeros though while Zimbabwe went through four currency redenominations. Each cut several zeros off, but of course that alone did not address the core issue. Christian
Here is a nice 50 million marks in Notgeld ("emergency money") from Westfalia. At least they gilded it... I remember my college German teacher telling us about how they got paid twice daily during the Great Inflation, so they could run out and spend the money before it lost its value. I personally find the German horror of inflation perfectly rational.
