Lithuanian talonas
Videos
The talonas was a temporary currency issued in Lithuania between 1991 and 1993. It replaced the Soviet ruble at par and was replaced by the litas at a rate of 100 talonai = 1 litas. The talonas was on
Final edition of 500 talonai displaying gray wolves
Example of the first edition 100 talonai, with a wisent depicted.
0.10 talonas
0.20 talonas
Hyperinflation
Videos
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.