The life-span of your billfold, in one chart

US$1,000 is easy to carry around in your pocket. You need 10 US$100 bills. That will fit easily into a typical wallet. Things are easier in Europe, where you need only two €500 bills. Some other countries, not so much. How many notes do you need to have $1000? 

Per, dolarblue, and dolar today

Per, dolarblue, and dolar today

The Venezuelan 100-bolivar note is the country’s highest-denomination currency. When introduced in 2008, it was worth US$46.51. Valued at the price that people will pay for it (rather than the “price” declared by the government) its value has now slipped to $1.88, making it the least valuable top-denomination currency in any country in the Americas, at least. In real terms, you need 550 of them to have $1000.

Are there others like it elsewhere?

3 thoughts on “The life-span of your billfold, in one chart

  1. Kepler

    That’s why Venezuelans so often wear those hip packs…or as you gringos say, fanny bag.
    This is fascinating. Even if we didn’t consider the Valdemore dollar, it would be nice to ask to the likes of Pedro Carreno how come we are on top of others with the official rate.

    More interestingly, I think, would be to decouple the experiment from the dollar and just ask how many hours a primary school teacher needs to work to pay for the rent of a tiny flat in an average city, how many hours to pay for a cinema ticket, how many hours to pay for the average trousers or the average shoes in Venezuela, in Colombia, in Chile, in the US and in Chavismo’s beloved case, Spain (which seems to imply all that is evil in capitalism now for Chavistas at home whenever people tell them to look outside).

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