A holiday gift from a friend with a sense of humor.
Of course, it got me wondering what was the largest denomination ever issued. According to Tom Chao’s Paper Money Gallery, that accomplishment does not belong to Zimbabwe, but to Hungary, which issued the 100 Million Billion Pengo (i.e. the 100 Quintillion -- 100,000,000,000,000,000,000 -- Pengo) in 1946.
According to Chao’s site:
Hungary again suffered the worst inflation in modern history immediately after WWII. Before 1945, the highest denomination was 1,000 Pengo. By mid-1946, the highest denomination in circulation was 100 Million B-Pengo (100,000,000,000,000,000,000 Pengo).
In the mid-1946 currency reform, 1 Forint was exchanged for 400,000,000,000,000,000,000,000,000,000 Pengo. Forint is now pegged to Euro.
Whoa!:O Is that true!? One Hundred Trillion Dollars?!
Posted by: Fertility Jewelry Store | December 28, 2010 at 10:30 PM