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Soupeod

most worthless currencies

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Soupeod

 

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https://www.msn.com/en-ph/money/news/venezuelan-bolivar-and-the-worlds-other-most-worthless-currencies/ss-BBMiuKe?li=BBr8Mkn

Venezuelan bolivar and the world's other most worthless currencies

 
lovemoney staff
  • Slide 1 of 21: Imagine having to lug around your cash in a laundry bag or wheelbarrow, just to have enough money to buy a loaf of bread? Plagued by serious devaluation, some currencies are not worth the paper they're printed on. From the completely devalued Venezuelan bolívar to the ailing Iranian rial, we reveal the world's most worthless money.
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  • Slide 2 of 21: Venezuela has just devalued its bolivar by a whopping 95% in a series of dramatic reforms issued by President Nicolas Maduro. In a bid to salvage the country's economy from complete collapse, the new currency, renamed the "sovereign bolivar", will also be re-denominated, which removes five zeros from its unit measurement. It will be pegged to the government's cryptocurrency, the petro.
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  • Slide 3 of 21: In another twist, minimum wage will be around 1,800 sovereign bolivars a month, instead of 1.8 million (the equivalent of around $30). While the former exchange rate of 250,000 bolivars per US dollar, will now increase to around six million, and inflation is set to reach 1,000,000% by the end of this year.
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  • Slide 4 of 21: The South Sudanese economy, which also relies on oil to stay afloat, has effectively collapsed and inflation is out of control in the country. In 2016, South Sudan's inflation rate topped 50% and its currency has nosedived in value against the US dollar.
 

Imagine having to lug around your cash in a laundry bag or wheelbarrow, just to have enough money to buy a loaf of bread? Plagued by serious devaluation, some currencies are not worth the paper they're printed on. 

 
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lamoe

Toilet paper anyone?

"Zimbabwe used to have a Z$100,000,000,000,000 note - one trillion Zimbabwean dollars.
The note, along with previous hyper-inflated denominations including Z$10,000,000,000,000 (ten trillion) and Z$1,000,000,000,000 (one trillion), could be exchanged for U.S. dollars until the end of April 2016, but it was worth only about $0.40. It is fetching significant higher prices as a novelty item on websites such as eBay."

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Bama

Instead of using money as toilet paper how about wall papering your house with it instead ?

After WW1 the inflation rate of the Wiemar Republic (Germany) monies was so high this is how it was often used.Meeting  the onerous reparations schedule of the Versailles Treaty is often cited as one reason why Germany got involved in another World War.

 

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