World`s Biggest Bank Notes in History
This is 8 biggest bank notes in the history of the world. All those bank notes represent the bad impact of hyperinflation. When the paper money introduced to public, it is expected that those bills will save the economy from collapse. Sadly, those huge bank notes never be a good option to sustain the economy. The safest currency should be based on gold or silver. Money with no back up value just a paper with numbers.
Our first big bank notes has denomination 5 million Mark
This money was issued in Dresden on August 21, 1923: It was used a response of German hyperinflation that happen since 1922.At a time of wars, this money was only worth several breads and wines.
This money was issued in Dresden on August 21, 1923: It was used a response of German hyperinflation that happen since 1922.At a time of wars, this money was only worth several breads and wines.
5 million marks
Since February 1923, German government issued bank notes from denomination 100,000 up to 1 million Marks. The government kept issuing new bank notes until it hit 50 millions in July, rose 10 billion in September, and 100 Trillion in October 1923
10 millions marks
50 million marks
100 million marks
500 million marks
100 trillion marks
Imagine this, By November 1st ,1923, a loaf of bread was 3,000,000,000 marks and 3 pounds of meat would cost 100,000,000,000 marks.The economy was worsen by the day until 15 days later, 100 billions of marks only enough to get 2 glasses of beer.Germans faced a really difficult situation that time. There was no solution could be used to handle this madness until Government took a fast response to cut a trillion marks into one marks before December 1923.
In 2008, another hyperinflation emerged and Zimbabwe became the next victim. Repeated the fall economy of German in 1922, to response the inflation, Zimbabwe issued huge bank notes from 10 million up to 100 trillions dollars Zimbabwe. There is loads of zeros in every bank notes in Zimbabwe and we still can find this paper money up to now.It is unclear how they`ll solve the situation. I believe they have to sent their minister to German to find the solution
10 million dollar Zimbabwe
100 trillion dollar Zimbabwe
source : http://www.mostinterestingfacts.com/human/worlds-biggest-bank-notes-in-history.html
