Blogs — fate of the fiat

Fate of the Fiat… Vivek Bhandari, June 2019    Picture 1 - Yugoslav 500Bn currency note Last month my daughter asked me to buy high denomination, defunct currency notes from certain east European, African and south American countries for a project. Of course I had read about hyperinflation in college. I do remember the turbulence in the Balkans in the early nineties. I also know that a number of governments and by extension their currencies have failed in the twentieth century. That said, I was still unprepared for the denominations that started jumping out at me. Right from hundreds of...