World's Most Worthless Currency
The Zimbabwe 10 million dollar note pictured above, is currently worth about only $4 (USD) on the black market. See more examples here of the "World's Most Worthless Money."CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Friday, May 30, 2008
The Zimbabwe 10 million dollar note pictured above, is currently worth about only $4 (USD) on the black market. See more examples here of the "World's Most Worthless Money."About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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2 Comments:
There is something refreshingly honest about having an expiry date on money.
A friend of mine visited Zimbabwe and gave me a couple of million in "small bills", 200K and 500K. According to the Wikipedia entry, the smallest denomination available is 5 million.
http://en.wikipedia.org/wiki/Zimbabwean_dollar
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