What is the largest denomination of banknote ever printed?

The largest banknote denomination ever printed was the pengo, a form of Hungarian currency used from 1927 to 1946, worth 1 sextillion. It was created in 1946 but was never actually issued due to the country’s hyperinflation, which occurs when there is a lot of currency but not enough gross domestic product (GDP) to sustain it. Hyperinflation causes the currency’s value to fall, so banknotes with high numerical values ​​don’t necessarily have much real market value. One of the biggest denominations of banknotes printed during the early 21st century was the 1 trillion dollar bills from Zimbabwe in 2008, when the country had the highest inflation rate in the world, but were phased out in 2009 when the country legalized foreign currency. .

More about currency:

Queen Elizabeth II is the person who has made the most money in the world, including the currency of 33 countries.

During 2008, when Zimbabwe issued its 1 trillion dollar bill, the country’s inflation rate was 231 million% and a loaf of bread cost about 300 billion Zimbabwean dollars.

The largest physical size banknote was the 100,000 peso note created in the Philippines in 1998. It measured 8.5 inches (21.59 cm) by 14 inches (35.56 cm).

See also  What do timeshare companies do?

Leave a Comment