June 25, Fineko/abc.az. If you split a 10-dollar Australian banknote in half, it will not lose its value, just each half will become a 5-dollar bill.
In 2010, a zero rupee banknote was put into circulation in India. You, however, could buy nothing for that money. Those banknotes were issued as part of the anti-corruption program in the country and encouraged citizens to present these banknotes to officials who demand a bribe from them.
A material crisis began in Yakutia after the Great October Revolution. So, the old banknotes were withdrawn from circulation, and the new ones were not ready yet. In this situation, Alexei Semenov, the finance narkom of Yakutia, found an original way out. Putting a seal on wine labels, he hand-wrote their denominations. For example, label of "Madeira" was equivalent to 1 ruble, "Kagora" to 3 rubles, "Port" to 10 rubles, and "Sherry" to 25 rubles. About such unusual financial reforms could be read in the essay of Maxim Gorky. He even had a personal collection consisting of such bills.
Often hyperinflation leads to the issue of banknotes of such denominations that it is even difficult to calculate the number depicted on them. For example, in 1988-1992 in Yugoslavia there was a banknote of 500 000 000 000 000 000 000 dinard. And the banknote of 100 000 000 000 000 local dollars was put into circulation in Zimbabwe in 2009.
By the way, about dollars. Currently, the largest denomination is a 100-dollar bill, but there was a time when 500, 1000, 5000-dollar bills were in circulation. With the spread of the e-payment system, large denominations were withdrawn from circulation. Even banknotes in denominations of $10,000 were issued for interbank payments.
The world’s smallest banknote was issued in Romania in 1917. Its size was 27.5x38 mm.
In Thailand, you can rarely see crumpled bills. This is because they depict the king, and therefore careless attitude towards banknotes can be considered disrespect to the king, which can lead to serious punishment.
For many years, money was made from paper. But times change, and now polymers are also used as a material for banknotes. The first plastic money was released into circulation in 1983 simultaneously in several countries: Haiti, Costa Rica and the Isle of Man. However, due to the wrong production technology (in the tropical climate, the colors were mixed), use of those banknotes was stopped.
In the future, since 1988, polymer banknotes were used in an improved form in Australia, Brunei, Vietnam, Canada, New Guinea, Romania and other countries.
The Closing ceremony of the First Students National Scientific Conference was held at Baku Higher Oil School
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