Billion Dollar Bills From Around the World
Marissa Brassfield — August 16, 2008 — World
References: oddee
Anyone who’s ever complained about the poor U.S. economy has no reason for complaint compared with the inflation that’s run rampant in these six countries. Take Zimbabwe, for example. This country was once one of Africa’s wealthiest. Today, 10 million Zimbabwean dollars is a mere $4. There, a Z$100 billion bill gets you...two loaves of bread. Daily expenses are now discussed in terms of trillions in Zimbabwe. Ouch.
This gallery features some of the most inflated bills from around the world. Collecting these bills could be a great way to generate attention for store or even your own home.
Vietnam isn’t much better off. 500,000 Vietnamese dongs is about $30 in the U.S. following a U.S. embargo in the early 1980s and a whole lot of printed currency. And in Indonesia, 100,000 rupiah converts into about $11 USD. Indonesia’s rupiah was hit hardest after 1997, when the Asian financial crisis caused the rupiah to lose 80% of its value in a matter of months. In Iran, 50,000 Rial are $5 USD. And on the African island São Tomé, 50,000 dobras are just $3.47 USD. In Guinea, 10,000 Guinean francs are $2.33 in the U.S.
Suddenly the dollar-to-euro currency conversion doesn’t seem so bad.
This gallery features some of the most inflated bills from around the world. Collecting these bills could be a great way to generate attention for store or even your own home.
Vietnam isn’t much better off. 500,000 Vietnamese dongs is about $30 in the U.S. following a U.S. embargo in the early 1980s and a whole lot of printed currency. And in Indonesia, 100,000 rupiah converts into about $11 USD. Indonesia’s rupiah was hit hardest after 1997, when the Asian financial crisis caused the rupiah to lose 80% of its value in a matter of months. In Iran, 50,000 Rial are $5 USD. And on the African island São Tomé, 50,000 dobras are just $3.47 USD. In Guinea, 10,000 Guinean francs are $2.33 in the U.S.
Suddenly the dollar-to-euro currency conversion doesn’t seem so bad.
Trend Themes
1. Inflationary Currency - Inflationary currencies have become a trend in several countries, creating an opportunity for entrepreneurs to collect and showcase these currency bills.
2. Currency Valuation Awareness - The rise of awareness on currency valuation can be an opportunity for financial educators and consultants to offer their services to help individuals and companies navigate the complexities of currency conversion and inflation.
3. Alternative Investments - Collecting and investing in rare and valuable currencies from inflationary economies present an opportunity for investors to diversify their portfolio.
Industry Implications
1. Numismatics - The study and collection of rare currencies can drive growth and innovation in the numismatics industry.
2. Education - The awareness of currency valuation and inflation can benefit the education industry, particularly financial literacy programs.
3. Investment Services - The demand for alternative investments like rare currencies from inflationary economies can create opportunities for investment services firms.
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