Venezuela to Introduce a 1,000,000-Bolivar Banknote Worth Only $0.53.

Discussion in 'Paper Money' started by Bradley Trotter, Mar 7, 2021.

  1. Bradley Trotter

    Bradley Trotter Supporter! Supporter

    xCoin-Hoarder'92x and JeffC like this.
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  3. fretboard

    fretboard Defender of Old Coinage!

    Yes, unfortunately it looks like Venezuela is going to become the next Zimbabwe or already has. :(
     
    Tater likes this.
  4. hotwheelsearl

    hotwheelsearl Well-Known Member

    I always wondered - what happens to people’s stock holdings when there’s extreme inflation? Are the SOL?
     
    Inspector43 likes this.
  5. serdogthehound

    serdogthehound Well-Known Member

    Kinda already there they revalued twice the current Bolivar soberano is equal to 100,000,000 original Bolivars on 31 December 2007 so if my math is correct a Million in Bolivers soberano would be 100 Trillion original Bolivars
     
  6. fretboard

    fretboard Defender of Old Coinage!

    Chinguez dominguez, yep they have serious issues! That's a shame! :shame:
     
  7. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    Yes they dropped zeroes in 2018 from their notes, and now these notes are
    hyper-inflating. At this point the bolivar is beyond help.
     
  8. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

  9. scottishmoney

    scottishmoney Unwell Unknown Unmembered Supporter

    Juan Pablo Pérez Alfonzo, one of the architects of OPEC and a proud Venezuelan predicted that oil wealth would kill the Venezuelan economy because eventually greed and corruption would take over and kill the goose that laid the golden egg.

    "Ten years from now, twenty years from now, you will see, oil will bring us ruin... It is the devil's excrement."


    He was fortunate to have died before seeing what happened to what was one of the wealthiest and most stable countries in Latin America.
     
  10. TheGame

    TheGame Well-Known Member

    Not looking forward to seeing ebay's price on the million bolivares. The 10k/20k/50k are just now dropping from the moon.
     
  11. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    Most of the notes are also UNC which garners a collector value, can't I just find a stack of used Bolivares somewhere?
     
  12. lettow

    lettow Senior Member

    You can get the 24 note set for as little as 19.99 plus shipping.
     
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