The Super Large Value of Banknotes Was Once Called 'Bung Karno's Treasure'

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3 years ago

Apparently, the nominal ORIDA is not as big as we imagined. Especially when compared to the banknotes of one of the countries that broke Yugoslavia. In the past, when the communist era fell, Yugoslavia was divided into several states, such as Serbia, Montenegro, and Bosnia. There have been inter-ethnic wars for years. So, inflation can not be dammed anymore.

Starting in 1989, several large denominations were issued. The peak occurred in 1993 when nominal values ​​of 1 billion, 5 billion, up to 50 billion dinars were circulated to the public. Although the numbers are very large, the exchange rate against foreign currencies is very small.

In Indonesia, collections like this are being hunted by numismatists. Intrinsic value is no longer valid, only the value as a collection object that is not how much, is still recognized. On the internet, these very large collections are traded for around Rp. 30,000 per sheet.

Precisely because of its enormous value, dinar money is often used to deceive people. In fact, around 2005 this pile of 5 billion dinars was once shown by someone who claimed to be the 'incarnation' of Bung Karno. He said he had a legacy of 'Bung Karno's treasure' in the form of these money plus gold bars which were stored somewhere. This 'inheritance' is said to be used to pay off all of Indonesia's foreign debts. Print media and electronic media have been impressed by the large-scale coverage of the press conference that he did.

Apparently, the attraction of money worth 5 billion dinara is still happening today. A number of residents often ask about the validity of the 5 billion money through the author's blog. "Please tell me where I can exchange this 5 billion," wrote a resident from Sumatra. A resident from Bali is another case. He asked, "Is it true that this 5 billion can be exchanged at a very high exchange rate in Singapore?

Hyperinflation

The most intense inflation ever occurred in Zimbabwe in 2008-2009. This is because over the years the political disputes there have not subsided. According to observers, inflation is at least 360,000 percent. Some even say up to two million percent, making people miserable. Maybe you have a hard time imagining, just to buy a loaf of bread it takes piles of money, up to 100 billion. For lunch it takes 250 billion and for 'peeing' in public toilets 5 million. These are all in Zimbabwean dollars.

Money hyperinflation in Zimbabwe (Source: numisku.wordpress.com)

For comparison, in Indonesia for 'peeing' in a public toilet, the maximum is Rp 2,000. The unrelenting hyperinflation caused the local government to issue a super fantastic nominal of 100 trillion, with 14 0s. It is clear how low Zim's dollar is, even though it is happening in modern times. Under normal conditions, the applicable nominal is 10 to 10,000 Zim dollars. Is Zimbabwe's money the largest nominal in the world to date? Apparently not. The adage 'above the sky there is still a sky' still applies. What is considered the largest denomination in the world to date is the paper money printed by Hungary in 1946. Its face value is extraordinary, 100,000,000,000,000,000,000 Pengo, one hundred million trillion Pengo with 20 0 digits. Although it looks super fantastic, but the exchange rate at that time was only about 20 cents (US dollars). Just look, so many zeros, the numbers are not printed.

Hungarian money during World War II (Source: numisku.wordpress.com)

It is not impossible, one day these super large currencies will be used in Indonesia to deceive people. You should be careful when you meet people you don't know, especially those who do persuasion.

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