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<p>[QUOTE="Troodon, post: 413411, member: 4626"]That slide show is obsolete... the note is denominated in the old dollars, of which now there's about 100 billion to the US dollar... meaning that note is worth aproximately 1/100 of a US cent!</p><p><br /></p><p>They recently redominated their dollar so that 1 of the new dollars equals 10 billion of the old ones. That mighr make accounting easier but they've done nothing to curb the root causes of their hyperinflation so expect them to start putting on the zeroes again eventually.</p><p><br /></p><p>I'm suprised they didn't include the Hungarian pengo, just before they switched to the forint, the currency was historically the lowest value of any currency ever recorded. They had actually released a note worth 100 quintillion pengo (that's 1 followed by 20 zeros), the highest nominal denomination of any banknote ever released (they had printed, but never released, a note denominate 10 times higher than that!) At the time the pengo was abandoned, the entire paper money supply of pengos was worth aproximately 1/1000 of a US cent! The notes were literally not worth the paper they were printed on at that point...[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 413411, member: 4626"]That slide show is obsolete... the note is denominated in the old dollars, of which now there's about 100 billion to the US dollar... meaning that note is worth aproximately 1/100 of a US cent! They recently redominated their dollar so that 1 of the new dollars equals 10 billion of the old ones. That mighr make accounting easier but they've done nothing to curb the root causes of their hyperinflation so expect them to start putting on the zeroes again eventually. I'm suprised they didn't include the Hungarian pengo, just before they switched to the forint, the currency was historically the lowest value of any currency ever recorded. They had actually released a note worth 100 quintillion pengo (that's 1 followed by 20 zeros), the highest nominal denomination of any banknote ever released (they had printed, but never released, a note denominate 10 times higher than that!) At the time the pengo was abandoned, the entire paper money supply of pengos was worth aproximately 1/1000 of a US cent! The notes were literally not worth the paper they were printed on at that point...[/QUOTE]
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