[MTC Global] BANK NOTES

Dear friends,

Good morning.

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Strangest Banknotes

World's Largest Banknote (Philippines)

As large as a sheet of legal paper, the world's largest single banknote is the 

100,000-peso note created by the Government of the Philippines in 1998 to 

celebrate a century of independence from Spanish rule. The note was offered only 

to collectors, who could purchase one of the limited-edition notes for 180,000 pesos (around US$3,700).

One Hundred Trillion Dollars (Zimbabwe)

Worth about US$300, the Reserve Bank of Zimbabwe began printing these $100 trillion

 banknotes in January 2009. At the time, the country had the highest inflation rate 

in the world, and the bill pictured above was worth about US$300. In July 2008, the 

inflation rate reached a stunning 231 million percent! A single loaf of bread cost

 roughly 300 billion Zimbabwean dollars. By April 2009, the Zimbabwean dollar was

 defunct, but you can still get a copy of the banknote online.

U must b very strong in arith ven u go 4 shopping! - n so d shopkeeper

500,000,000,000,000,000,000 Banknote (Yugoslavia)

The former European country of Yugoslavia experienced an amazing hyperinflation 

starting in 1989, until economic reforms took place in 1994. The highest banknote 

denomination in 1988 was 50,000 Dinara, but this had changed to 500,000,000,000 Dinara by 1994!

Einstein's Banknote (Israel)

 

In 1952, the first Israeli prime minister, David Ben-Gurion, offered physicist Albert Einstein 

the nominal position of president of Israel. Einstein turned down the offer, but the State of Israel 

still wanted to honor the physicist. Therefore, when the Bank of Israel created their first currency, 

the Lirot, they celebrated Einstein in their 5-lirot note of 1968. (

Punched out Mobutu Banknotes (Zaire)

In 1997, the African country of Zaire, known today as the Democratic Republic of the Congo, 

overthrew the totalitarian regime of Joseph Mobutu. When the new government found itself in a 

cash shortage, they decided to use large stacks of old 20,000-Zaire notes by simply punching out 

Mobutu's image, sustaining them until the new currency was designed and printed. 

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With regards,

 

Dr. K. Sampath Kumar,  B.A. (Economics), BGL, M.Com., M.Phil., Cert. A.I.I.B.,
                                        MBA (Finance), MBA (HR & Marketing),  ACS, FCMA, Ph. D.,
Professor, SSN School of Management
C/o. SSN College of Engineering
Rajiv Gandhi Salai (OMR)
KALAVAKKAM - 603110
Kancheepuram District, Tamil Nadu, India
Landline :  044-24860668
Mobile    :  9094405733
 
Success consists of getting up
just one more time than you fall
-- Oliver Goldsmith