Hyperinflation
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In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to min
100 quintillion (1020) pengő, the largest denomination bill ever issued, Hungary, 1946. 1 sextillion pengő notes were printed but never issued.
The price of gold in Germany, 1 January 1918 – 30 November 1923. (The vertical scale is logarithmic.)
Germany, 1923: banknotes had lost so much value that they were used as wallpaper.
Redenomination
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In monetary economics, redenomination is the process of changing the face value of banknotes and coins in circulation. It may be done because inflation has made the currency unit so small that only la
Banknote 50000 rubles front
Банкнота 50 рублей