1. 10 million Zimbabwean Dollars = US$4
The ultra-super-hyperinflation in Zimbabwe, once one of the richest countries in Africa. The country’s central bank has recently issued a Z$100 billion note (yes, Z$100,000,000,000). So, what would a Z$100 billion note buy you? About two loaves of bread (it won’t even get you lunch - you’d need at least Z$250 billion for lunch).
So far this year, the country ravaged by hyperinflation has been forced to print 100-million, 250-million and 500-million notes in rapid succession. All of them are now almost worthless. has become common now for Zimbabweans to talk of their daily expenses in trillions (one trillion is 12 zeros).
2. 500,000 vietnamese Dongs = US$30
An early-1980s U.S. embargo hobbled exports, leading to price controls and the printing of excess currency.
4. 50,000 Iranian Rial = US$5
During the 1997 Asian financial crisis, the rupiah lost 80 percent of its value within months, sparking riots in Jakarta (and soon ending President Suharto’s 32-year rule).
5. 50,000 São Tomé Dobra = US$3.47
6. 10,000 Guinean Francs = US$2.33
This African island nation’s economy is tied to the volatile price of its chief export, cocoa, and is measured against its trading partners’ robust euro.
What is #3?
ReplyDeleteSorry I forgot to mention No 3
ReplyDeleteIt is Indonesia currency named as Indonesian rupiah and its value
1 US$= 9000 Indonesian rupiah approximately now a days.