How To Make Billions In A Few Minutes
The king’s ransom in this boy’s hands is just a 60 United States cents (literally, US$0.60). Not so long ago Zimbabwe - pretty large and populated country in the southern part of Africa - issued a brand new banknote with 500,000,000 value trying to fight 8,000,000% annual inflation. I wrote about is before in the ‘Zimbabwe Inflation‘ post.
However, Zimbabwe is not alone. In the beginning of 90’s Yugoslavia - the country now separated into Serbia, Montenegro, Macedonia etc. - has experienced the comparable economic stagnation. Here is a five hundred billion Yugoslavian Dinaras banknote from that times:
Germany in the mid 20’s:
Janitor cleaning the street from the worthless millions (left). Woman found a better way to spent her money (right).
Even nowadays Zimbabwe is not alone. The man on the picture above is holding a bunch of Uzbekistani Sums worth no more than US$10.
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One Response to “How To Make Billions In A Few Minutes”
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I love to get a double-armful of those notes! I’d wallpaper my guestroom in them and look like I was rolling in dough!
On a serious note, this is a bleak and dreadful picture of what their economy is like. This is a disaster, and can only bring more hardship in its wake.