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Least valuable currency



 
 
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  #1  
Old March 14th 07, 07:44 PM posted to misc.invest.misc,rec.collecting.coins,rec.collecting.paper-money,24hoursupport.helpdesk,sci.econ
KnowledgeSeeker
external usenet poster
 
Posts: 28
Default Least valuable currency

Where can I find a list of the countries with the least valuable
currency? I am NOT looking for a place to do foreign exchange trading
to create fabulous wealth. So, please do not spam me. I am working
on a project that is, well... not commercial. So, I am looking for an
easy to use source of data. Thanks.

  #2  
Old March 14th 07, 07:48 PM posted to misc.invest.misc,rec.collecting.coins,rec.collecting.paper-money,24hoursupport.helpdesk,sci.econ
Mr. Jaggers
external usenet poster
 
Posts: 5,523
Default Least valuable currency


"KnowledgeSeeker" wrote in message
ups.com...
Where can I find a list of the countries with the least valuable
currency? I am NOT looking for a place to do foreign exchange trading
to create fabulous wealth. So, please do not spam me. I am working
on a project that is, well... not commercial. So, I am looking for an
easy to use source of data. Thanks.


Some of the components of what used to be Yugoslavia have undergone
reductions so drastic that it almost takes scientific notation (as in ten to
the minus x) to express them. Argentina, Brazil, Israel, and no doubt
others have experienced the same thing. Many Latin American countries have
given up entirely and now deem the U.S. dollar fit for their monetary
transactions.

James


  #3  
Old March 14th 07, 08:42 PM posted to misc.invest.misc,rec.collecting.coins,rec.collecting.paper-money,24hoursupport.helpdesk,sci.econ
KnowledgeSeeker
external usenet poster
 
Posts: 28
Default Least valuable currency

On Mar 14, 2:48 pm, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
"KnowledgeSeeker" wrote in message

ups.com...

Good info. Can you point me to a ranked list somewhere?



Where can I find a list of the countries with the least valuable
currency? I am NOT looking for a place to do foreign exchange trading
to create fabulous wealth. So, please do not spam me. I am working
on a project that is, well... not commercial. So, I am looking for an
easy to use source of data. Thanks.


Some of the components of what used to be Yugoslavia have undergone
reductions so drastic that it almost takes scientific notation (as in ten to
the minus x) to express them. Argentina, Brazil, Israel, and no doubt
others have experienced the same thing. Many Latin American countries have
given up entirely and now deem the U.S. dollar fit for their monetary
transactions.

James



  #4  
Old March 14th 07, 09:12 PM posted to misc.invest.misc,rec.collecting.coins,rec.collecting.paper-money,24hoursupport.helpdesk,sci.econ
Mr. Jaggers
external usenet poster
 
Posts: 5,523
Default Least valuable currency


"KnowledgeSeeker" wrote in message
oups.com...
On Mar 14, 2:48 pm, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
"KnowledgeSeeker" wrote in message

ups.com...

Good info. Can you point me to a ranked list somewhere?


Each issue of the monthly World Coin News has a half page of nothing but
exchange rates, but they are not ranked, nor do they offer any comparison
with what the units used to be worth. Before the Euro was adopted by Italy,
the lira was worth next to nothing, for example.

This site may be of value to you:

http://www.x-rates.com/

And no, in spite of the URL, it's not a porn site! 8)

James


  #5  
Old March 14th 07, 09:43 PM posted to misc.invest.misc,rec.collecting.coins,rec.collecting.paper-money,24hoursupport.helpdesk,sci.econ
KnowledgeSeeker
external usenet poster
 
Posts: 28
Default Least valuable currency

Thanks. I may try to look for an issue on the way home.



On Mar 14, 4:12 pm, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
"KnowledgeSeeker" wrote in message

oups.com...

On Mar 14, 2:48 pm, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
"KnowledgeSeeker" wrote in message


roups.com...

Good info. Can you point me to a ranked list somewhere?


Each issue of the monthly World Coin News has a half page of nothing but
exchange rates, but they are not ranked, nor do they offer any comparison
with what the units used to be worth. Before the Euro was adopted by Italy,
the lira was worth next to nothing, for example.

This site may be of value to you:

http://www.x-rates.com/

And no, in spite of the URL, it's not a porn site! 8)

James



  #6  
Old March 15th 07, 01:23 AM posted to misc.invest.misc,rec.collecting.coins,rec.collecting.paper-money,24hoursupport.helpdesk,sci.econ
RF
external usenet poster
 
Posts: 1,802
Default Least valuable currency

On Mar 14, 3:48 pm, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
"KnowledgeSeeker" wrote in message

ups.com...

Where can I find a list of the countries with the least valuable
currency? I am NOT looking for a place to do foreign exchange trading
to create fabulous wealth. So, please do not spam me. I am working
on a project that is, well... not commercial. So, I am looking for an
easy to use source of data. Thanks.


Some of the components of what used to be Yugoslavia have undergone
reductions so drastic that it almost takes scientific notation (as in ten to
the minus x) to express them. Argentina, Brazil, Israel, and no doubt
others have experienced the same thing. Many Latin American countries have
given up entirely and now deem the U.S. dollar fit for their monetary


back in the mid-1980s Brazil was going thru a period of hyperinflation
and the cruzado was worth about 1/100 of a cent. Plus they had coins
that were fractions of a cruzado! Needless to say the coins were worth
more as metal (aluminum alloy) than cash. People would just throw the
coins away in the street and even the poorest people wouldn't pick
them up!
Living in a country during a hyperinflation is an interesting
experience, to say the least. Prices changed daily, sometimes hourly
as the people sought to unload their worthless currency.

  #7  
Old March 15th 07, 03:49 AM posted to misc.invest.misc,rec.collecting.coins,rec.collecting.paper-money,24hoursupport.helpdesk,sci.econ
KnowledgeSeeker
external usenet poster
 
Posts: 28
Default Least valuable currency

On Mar 14, 8:23 pm, "RF" wrote:
On Mar 14, 3:48 pm, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:

"KnowledgeSeeker" wrote in message


oups.com...


Where can I find a list of the countries with the least valuable
currency? I am NOT looking for a place to do foreign exchange trading
to create fabulous wealth. So, please do not spam me. I am working
on a project that is, well... not commercial. So, I am looking for an
easy to use source of data. Thanks.


Some of the components of what used to be Yugoslavia have undergone
reductions so drastic that it almost takes scientific notation (as in ten to
the minus x) to express them. Argentina, Brazil, Israel, and no doubt
others have experienced the same thing. Many Latin American countries have
given up entirely and now deem the U.S. dollar fit for their monetary


back in the mid-1980s Brazil was going thru a period of hyperinflation
and the cruzado was worth about 1/100 of a cent. Plus they had coins
that were fractions of a cruzado! Needless to say the coins were worth
more as metal (aluminum alloy) than cash. People would just throw the
coins away in the street and even the poorest people wouldn't pick
them up!
Living in a country during a hyperinflation is an interesting
experience, to say the least. Prices changed daily, sometimes hourly
as the people sought to unload their worthless currency.


Interesting. Thanks. Can you get me any closer to an answer to the
original question?

  #8  
Old March 15th 07, 12:31 PM posted to misc.invest.misc,rec.collecting.coins,rec.collecting.paper-money,24hoursupport.helpdesk,sci.econ
Dik T. Winter
external usenet poster
 
Posts: 299
Default Least valuable currency

In article .com "RF" writes:
On Mar 14, 3:48 pm, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
"KnowledgeSeeker" wrote in message
ups.com...

Where can I find a list of the countries with the least valuable
currency? I am NOT looking for a place to do foreign exchange trading
to create fabulous wealth. So, please do not spam me. I am working
on a project that is, well... not commercial. So, I am looking for an
easy to use source of data. Thanks.


What may be a good list today with almost certainly be no longer a good
list some time from now. When figures go out of the window, countries
have the tendency to revaluate their currency, as was last done in
Turkey (they dropped the last six zeros).

Some of the components of what used to be Yugoslavia have undergone
reductions so drastic that it almost takes scientific notation (as in ten
to the minus x) to express them. Argentina, Brazil, Israel, and no doubt
others have experienced the same thing. Many Latin American countries have
given up entirely and now deem the U.S. dollar fit for their monetary


All of those components of Yugoslavia have revaluated and are now quite
stable.

....
Living in a country during a hyperinflation is an interesting
experience, to say the least. Prices changed daily, sometimes hourly
as the people sought to unload their worthless currency.


Reminds me of a story about the hyperinflation in Germany in the twenties.
Somebody entered a cafe to drink a coffee. He wanted to leave an hour
later, but at that time had not enough money to pay for his coffee. The
price had risen considerably during his stay.

The worst case of hyperinflation was in Hungary just after WWII. The
basic unit was the pengo, but after a fairly short time larger and
larger denomination banknotes got printed, so that at some time the
B. pengo was introduced (B standing for billion, as in European billion,
or US trillion). The largest banknote ever used there was
100 million B. pengo (or 10^20 pengo), see:
http://bankjegy.szabadsagharcos.org/xxcentury/p136.htm.
Prices doubled at that time in Hungary every 15 hours.
--
dik t. winter, cwi, kruislaan 413, 1098 sj amsterdam, nederland, +31205924131
home: bovenover 215, 1025 jn amsterdam, nederland; http://www.cwi.nl/~dik/
  #9  
Old March 15th 07, 02:33 PM posted to misc.invest.misc,rec.collecting.coins,rec.collecting.paper-money,24hoursupport.helpdesk,sci.econ
KnowledgeSeeker
external usenet poster
 
Posts: 28
Default Least valuable currency

On Mar 15, 7:31 am, "Dik T. Winter" wrote:
In article .com "RF" writes:

On Mar 14, 3:48 pm, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
"KnowledgeSeeker" wrote in message
oups.com...

Where can I find a list of the countries with the least valuable
currency? I am NOT looking for a place to do foreign exchange trading
to create fabulous wealth. So, please do not spam me. I am working
on a project that is, well... not commercial. So, I am looking for an
easy to use source of data. Thanks.


What may be a good list today with almost certainly be no longer a good
list some time from now. When figures go out of the window, countries
have the tendency to revaluate their currency, as was last done in
Turkey (they dropped the last six zeros).

[SNIP]

--
dik t. winter, cwi, kruislaan 413, 1098 sj amsterdam, nederland, +31205924131
home: bovenover 215, 1025 jn amsterdam, nederland;http://www.cwi.nl/~dik/


Feel free to answer the original question with information for today.
I will not hold you to your answer after the day that you provide it.

  #10  
Old March 26th 07, 05:09 PM posted to misc.invest.misc,rec.collecting.coins,rec.collecting.paper-money,24hoursupport.helpdesk,sci.econ
[email protected]
external usenet poster
 
Posts: 2
Default Least valuable currency

On 15 mar, 10:33, "KnowledgeSeeker"
wrote:
On Mar 15, 7:31 am, "Dik T. Winter" wrote:



In article .com "RF" writes:


On Mar 14, 3:48 pm, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
"KnowledgeSeeker" wrote in message
oups.com...


Where can I find a list of the countries with the least valuable
currency? I am NOT looking for a place to do foreign exchange trading
to create fabulous wealth. So, please do not spam me. I am working
on a project that is, well... not commercial. So, I am looking for an
easy to use source of data. Thanks.


What may be a good list today with almost certainly be no longer a good
list some time from now. When figures go out of the window, countries
have the tendency to revaluate their currency, as was last done in
Turkey (they dropped the last six zeros).

[SNIP]

--
dik t. winter, cwi, kruislaan 413, 1098 sj amsterdam, nederland, +31205924131
home: bovenover 215, 1025 jn amsterdam, nederland;http://www.cwi.nl/~dik/


Feel free to answer the original question with information for today.
I will not hold you to your answer after the day that you provide it.


http://en.wikipedia.org/wiki/Least_v... rrency_units

simple, effective...

 




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