Worthless currencies

@aureliah (24687)

Kenya

January 15, 2018 7:22am CST

I read this somewhere.................The central bank of Zimbabwe issued $100,000,000,000,000 notes during the last days of hyperinflation in 2009, and they barely paid for a loaf of bread. . How can you go to the supermarket with millions and not even enough for a loaf of bread?

4 people like this

4 responses

@edevis18 (349)

• Maracaibo, Venezuela

15 Jan 18

jeje My country is the same, I recommend you see the news about Venezuela. We have a hyperinflation of 2600%. A loaf of bread costs 40,000,000 BS before the reconversion of the year 2007

3 people like this

@aureliah (24687)

• Kenya

16 Jan 18

Wow! And what is the biggest note there?

1 person likes this

@louievill (28846)

• Philippines

15 Jan 18

It happens when they keep printing money without a corresponding gold deposit, the paper bill is simply paper.

3 people like this

@aureliah (24687)

• Kenya

16 Jan 18

Which is very wrong. The leaders should know about the repurcussions of such actions.

2 people like this

@Letranknight2015 (52665)

• Philippines

15 Jan 18

That is just horrible, I hope that things would turn around on that country some day.

2 people like this

@aureliah (24687)

• Kenya

16 Jan 18

I think they already started working on its as the previous president was ousted

1 person likes this

@jstory07 (148730)

• Roseburg, Oregon

15 Jan 18

Their money is not worth anything.

2 people like this

@aureliah (24687)

• Kenya

16 Jan 18

yes it is because you cannot imagine how much you need to purchase a property

1 person likes this