Wednesday, June 27, 2007

World's Worst Currencies

According to Foreign Policy, the world's five worst currencies are the Somali shilling, Iraqi dinar, North Korean won, Venezuelan bolĂ­var and the world's absolutely worst currency, the dollar of Zimbabwe (pictured above), where inflation is currently 3,713% (see chart above) and is expected to rise over 6,000% in 2008 - now that's hyperinflation! At that rate prices would be doubling about every week, and would be rising almost 1% every hour!

2 Comments:

At 6/28/2007 1:21 AM, Blogger abhay said...

i had absolutely NO idea a country could have such high inflation rate!!! damn!!!!!
a 100000 currency! ha ha ha ha.....

 
At 6/28/2007 7:39 AM, Blogger Gregory said...

Back in they day when a currency got like this it just disappeared, the people would go on to use barter or foreign currencies.

But welcome to the modern world, where Governments have the right to ban foreign currencies and alternative means of exchange.

 

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