| Author |
 Replies: 17 / Views: 13,698 |
|
Pillar of the Community
United States
790 Posts |
I have always enjoyed hyperinflation banknotes, usually they are so crisp (since they were only useful for a short time). Well, I found one that might top the cake, 100,000,000,000,000 Drachmai (I think that's 100 Trillion!). The note is REALLY beat up, grades maybe as a poor. To make it even more cool, it appears to be from the period of joint German/Italian occupation, a time frame I did not have represented in my collection. What a wonderful piece of history, and it only cost me 25c! Is there anything higher than this? Image:  100TrillionDrachmai.jpg62.4 KB |
|
|
|
Moderator
 Australia
16842 Posts |
Sure. The Hungarian hyperinflation of 1945-6 still holds the record. At the end, one US dollar was worth "4 with 30 zeroes after it" pengos. The 100 quadrillion pengo note illustrated on Wikipedia was by no means the highest denomination. I don't have any. Despite being relatively cheap according to the catalogues, you never seem to see it in the banknote bargain bins around here. (edited to add wikilink). Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Edited by Sap
03/29/2008 11:15 am
|
|
Pillar of the Community
United States
1713 Posts |
Yours are most definitely have more zeros but this is my biggest.   |
|
Moderator
Australia
16842 Posts |
Yes, I think old Yugoslavia still holds the record for actual number of zeroes to appear on the note. Most countries stop doing that once they hit a million.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
|
|
Pillar of the Community
 United States
790 Posts |
What does Zimbabwe use for currency these days? Bet those got lots of zeroes, if they even bother to make any!
|
|
Pillar of the Community
United States
790 Posts |
On the Hungary notes of 1946, is a MilPengo actually a million pengo? And a B-Pengo actually a billion Pengo? Then comes the Adopengo? And wasn't Pengo the name of an arcade game in the early 80s? I think the top bill is the 10 million Adopengo (P158), though the Egymilliard B-Pengo (P137) is the largest I can find with a definitive answer, 1,000,000,000,000,000,000,000 Pengo!
|
|
Pillar of the Community
United States
790 Posts |
Found this on someone's listing on ebay, take it for what its worth, "Hungary went through its worst inflation in modern history in 1945-46. Before 1945, the highest denomination was 1,000 pengo. By the end of 1945, it was 10,000,000 pengõ. The highest denomination in mid-1946 was 100,000,000,000,000,000,000 pengõ. The rate of inflation was 4.19 quintillion (4.19 x 1018) percent. A special currency the adópengõ - or tax pengõ - was created for tax and postal payments. The value of the adópengõ was adjusted each day, by radio announcement. On January 1, 1946 one adópengõ equaled one pengõ. By late July, one adópengõ equaled 2,000,000,000,000,000,000,000 or 2×1021pengõ. When the pengo was replaced in August 1946 by the forint, the total value of all Hungarian banknotes in circulation amounted to one-thousandth of one US cent." |
|
Moderator
Australia
16842 Posts |
quote:
...is a MilPengo actually a million pengo? And a B-Pengo actually a billion Pengo?
A milpengo is indeed a million pengo, but the B-pengo is even worse that you think; it's a "long-scale billion" (1 followed by 12 zeroes), normally called a "trillion" in English. If all I've done is confuse you, click here for an explanation of short-scale and long-scale names for large numbers. quote:
What does Zimbabwe use for currency these days? Bet those got lots of zeroes, if they even bother to make any!
They certainly do. The circulating currency in Zimbabwe right now consists of bearer cheques (like banknotes, but with expiry dates) ranging from 1 million to 10 million dollars. Recent news footage showed Zimbabweans spending $28 million for a piece of fruit. With a 4000% inflation rate, if nothing changes in Zimbabwe soon, the hyperinflation will soon surpass that of Yugoslavia and even possibly Germany and Hungary. The Zimbabwe Reserve Bank apparently have printed and are ready to release a batch of "new dollar" currency; they're simply waiting for the hyperinflation to stop before issuing them. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
|
|
Pillar of the Community
Germany
1238 Posts |
quote:
The circulating currency in Zimbabwe right now consists of bearer cheques (like banknotes, but with expiry dates) ranging from 1 million to 10 million dollars.
Had you posted that reply four days later, you would have written "50 million" ...  http://economictimes.indiatimes.com.../2926846.cmsChristian |
|
Pillar of the Community
Australia
839 Posts |
I have a Turkish, Bir Million turkish Liras note which was given to me, with all the zeros. It reapeats 1000000 6 times on the note too, thats a lot of 0's. Looks to be over 10 years old, no date, but I know nothing about it. Img:   |
|
Pillar of the Community
Germany
1238 Posts |
That is an old one million (bir milyon) lira note. One side shows Mustafa Kemal Atatürk, founder and first president of the Turkish republic. On the other side you see the Atatürk Dam near Sanliurfa. The old lira was in use until the end of 2004 and then replaced, with 1,000,000 old lira becoming 1 new lira.
Today 1 lira is about 0.50 euro or 0.85 AU dollars - and that would be about the value that your note represented ...
Christian
Edited by chrisild
05/11/2008 05:08 am
|
|
Pillar of the Community
Canada
868 Posts |
Lost of zero in these notes,what would be the exchange price on those .
|
|
Pillar of the Community
Australia
839 Posts |
oh ok 0.85 cents worth.....
Since this is old, why the zeroes?
|
|
Pillar of the Community
Germany
1238 Posts |
Hehe, "old" is relative. Until the end of 2004 Turkey had a currency which was just called Lira - and when they stripped those zeros, the term "Yeni Lira" (new lira) was picked for the new currency. So from that POV, the pre-2005 Lira is old. In roughly half a year, on 1 Jan 2009, the word "yeni" will be dropped so that the currency will have the name Lira again. (The face values won't be affected this time, ie. 1 Yeni Lira becomes 1 Lira.) After that, even the "new" will soon be old, so to say.  Christian |
|
Pillar of the Community
Australia
839 Posts |
do they allow these notes to be used?, old ones
|
|
Pillar of the Community
Germany
1238 Posts |
As for the Turkish lira notes, the pre-2005 issues cannot be used for payments any more, which also means that collectors cannot get them from circulation. But people who still have old notes can take them to a branch office of the central bank - until 2015, I think - and get (new) lira cash for them ...
Christian
|
| |
Replies: 17 / Views: 13,698 |
100TrillionDrachmai.jpg
Posted 03/29/2008 11:29 am
