Largest Demonination Bill

[Tegwin]

Apparently the highest demoniation bank note ever is from Yugoslavia it is the 500 billion dinara..

 

[vangelis]

In Greece the highest was 100 billion drachmas in 1944

 

 

[jtryka]

I have a 50 billion reichsmark note from 1923 Germany.

[Scottishmoney]

Back before Guinness Book stopped doing numismatic records I believe the record holder was a Hungarian inflation note from ca. 1946 that was denominated in the trillions.

[mufelika]

Hungary issued a note in 1946 that was denominated as 1 milliarden B-Pengo. The B in B-Pengo stood for Billion. In European numbering systems, a milliard is equal to an American billion and a European billion is the equivalent of an American trillion. In other words, the Hungarian note was equal to 1,000,000,000,000,000,000,000 pengo.

 

[thedeadpoint]

You'd think the government would just start knocking off zero's and reestablish the benchmark.

[Scottishmoney]

You'd think the government would just start knocking off zero's and reestablish the benchmark.

 

 

They have to stabilise the economy before they do that. It is a lot easier said than done. Look how long Turkey went on with currency denominated in millions before they lopped off zeroes just last year. You cannot introduce a new currency and not have a plan in place for stopping the inflation. Some Latin American nations go through paper money like TP though, money becomes worthless after only a couple of years, and the result is a continual cycle of instability that seemingly never ends. Brazil is a country that since the 1960's has gone through several currencies, Argentina and Chile have also. In a bad government situation, like what happened in these Latin countries, it was a way of wiping out government debt.

[thedeadpoint]

They have to stabilise the economy before they do that. It is a lot easier said than done. Look how long Turkey went on with currency denominated in millions before they lopped off zeroes just last year. You cannot introduce a new currency and not have a plan in place for stopping the inflation. Some Latin American nations go through paper money like TP though, money becomes worthless after only a couple of years, and the result is a continual cycle of instability that seemingly never ends. Brazil is a country that since the 1960's has gone through several currencies, Argentina and Chile have also. In a bad government situation, like what happened in these Latin countries, it was a way of wiping out government debt.

 

of course to all of that. I wish I someone at school could point me towards a course on national economic policies or whatnot.