Some enterprising fellow could probably make a few bucks by selling boxes full of these banknotes on EBAY.
So, print some REALLY big bills! Million bolivars! Billion bolivars! Problem Solved! Can’t stand complainers!!! /s ;)
Obviously capitalist propaganda against the socialist paradise of Venezuela.
Don’t think for one minute the Hillaristas would love to do this to America.
Yeh, so where is Sean Penn???!!!!
Oh is that the problem with Venezuela's economy? Thanks for the knowledge bomb, Paul Krugman Jr
could have been Hillarynomics for us
I lived in Venezuela in the early 70s and the bolivar was tied to the US Dollar. We were paid in dollars from our USA companies but most of us keep our money in the local banks in Bolivars. We could convert them to dollars or transfer them to the USA as dollars at any time with no problem.
Then came Chavez and everything went to hell. “Ain’t” Socialism Great?
They will kill you and possibly eat you for the wallet before they go for the currency.
The Vietnamese dong is worth less than .005 US cent. The largest bill, however is 500,000 dong.Actually the largest in normal circulation is 100k. Women go to market carrying their currency in their hand in a mixed up wad or, if they have a lot to purchase, in a plastic bag. Children all have money; they carry around half a dozen bills but can’t really buy much of anything with them. The government tries to keep the currency stable and inflation since the 90s is in large part due to the North Korean $100USD bills that flood SEA. Stability at a previously highly inflated level makes the currency not worth stealing and there is almost no theft of currency at all. People joke about what will happen when the government runs out of its store of zeros.
The Vietnamese dong is worth less than .005 US cent. The largest bill, however is 500,000 dong.Actually the largest in normal circulation is 100k. Women go to market carrying their currency in their hand in a mixed up wad or, if they have a lot to purchase, in a plastic bag. Children all have money; they carry around half a dozen bills but can’t really buy much of anything with them. The government tries to keep the currency stable and inflation since the 90s is in large part due to the North Korean $100USD bills that flood SEA. Stability at a previously highly inflated level makes the currency not worth stealing and there is almost no theft of currency at all. People joke about what will happen when the government runs out of its store of zeros.
My father was a union lithographer (printer), he used to work at the American Banknote Company in the Bronx. They printed stock certificates, and currency for many Latin American countries, which either did not have the capability or did not trust their own nationals. (As far as I know there was never any fraud attached to them, press runs and plates were as carefully monitored as at the U.S. Bureau of Engraving and Printing.) Banknotes don’t come cheap. I would be surprised if they can print a decent banknote for 5¢. Once it costs more to print currency than it is worth, you hit a tipping point, and hyperinflation sets in, quickly. The Venezuelan bolívar is doomed.
Jimmy Carter certified Hugo’s election. Thank you Jimmy.
