Maybe both. I currently have a Vietnamese 500,000 dong bill in my wallet. That’s a lot of dong to be packing! I think it’s also the biggest number I’ve ever seen printed on currency. If I had two, I’d be a millionaire! Of course, it’s only worth about $35, but it’s still a nice feeling.
Has anyone seen a bigger bill? Otherwise, go ahead and make your “clever” dong jokes, and I’ll check back later. I think I’ve heard them all, but one never knows for sure.
The inti was replaced (you can see why) but they didn’t replace all the printed notes all at once so many larger denomination notes were still in circulation when I visited there. I can’t remember the exchange but I think the new notes are Solee’s, perhaps?
As to whether it’s a lot of money, it sort of depends what you’re buying. There are places where I could shoot the whole wad (sorry) on a single meal, or I could go to sidewalk stand and get about 150 bowls of beef noodle soup.
20,000,000 lira! Well, Viet Nam has a long way to go to match that, and now that inflation is under control, I doubt they’ll ever get there. Oh, well. I’m happy with my huge dong note.
I seem to recall that post WWI Germany ended up printing billion Mark notes. Not simply one billion Mark, but several billion, as in multiples of ten billion.
I heard the Vietnamese government tried to save money by printing currency only in light blue ink. At the same time there was a mistake in the printing process causing some currency to be released eighteen inches wide and with two fronts (the side with the portrait) and no back. When they ran out of blue ink, they found a particular brand of jelly made a passible substitue.
Actually, if you ever get into postage stamps, you see a lot of German inflation-era stamps among piles of random foreign stamps. Not currency, exactly, but it’s kind of cool to see something like this (scroll down) – a series of German postage stamps from 1921-1923, following the inflationary trend. The first is 5 pfennigs, the last is 50 BILLION marks.
12 decades of increase*. Wow, the last time I saw that kind of start up rate** was looking at a nuclear reactor going critical.
Well, I guess it’s appropriate - the hyperinflation of Post-WWI Germany is as good an example of economic melt-down as anyone could ask for.
decade - a power of ten increase in something - in nuclear power, it is a used in reference to the neutron population. In a shut down reactor the neutron population is on the order of 100 neutrons per second. At power generation, the same reactor is going to be running with about 10[sup]17[/sup] neutrons per second. (I may have the time frame off - it might be neutrons per minute. Either way it’s a pretty impressive jump.)
** start up rate - a measure of how quickly the neutron population is growing (or shrinking). Usually this is kept to around 1 decade per minute. Getting up to 10 decades per minute is a baaaaaad thing.
I have a five hundred billion dinara note from Jugoslavija from 1993 issued in Beograd. That’s 500,000,000,000 Dinara.
I bought it off E-bay in 1998 for $10. The seller claimed it was the largest denomination note ever printed in any currency. (I don’t know if that’s true or not) Of course it’s now worth… nothing. They changed their currency sometime before I bought it. (I was aware of that at the time I purchased it.)
I have used it in a LARP where I play a time traveler from the future. I pull it out of my pocket and toss it on the bar to buy a drink. Then when I notice what it is, I quickly pick it up and say “Oh right, inflation hasn’t gotten that high, yet…”
Well, I don’t have one, but Hungary once issued a 100 quintillion pengo banknote, and printed (but did not release into circulation) a 1,000,000,000,000,000,000,000 (that’s one sextillion) pengo note. Of course, those are the American versions of the numbers – since many countries (including Hungary and Germany) consider 1,000,000,000 to be a milliard, and a thousand times that to be a trillion, the two bills I’ve mentioned would be valued at “merely” 100 quadrillion pengo and 1 quintillion pengo, respectively.