Funny Money: Difference between revisions

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** If you actually want to hear about actual Chilean Funny Money, try with the Chilean Escudo, their currency during the 60's and 70's. It was issued in 1960 and replaced in 1975 by the New Peso, Today's Currency: While around 100 New Chilean Pesos were worth 1 Dollar, 1 Peso was worth about ''1000 Escudos''!
* Brazil faced hyperinflation several times over the 20th century, always ending up introducing a new currency only to see it lose value again. This ended in 1994 with the ''[[wikipedia:Plano Real|Plano Real]]'', in which (as ''[[This American Life]]'' put it) the government lied to the people to restore confidence in the currency...[[The Extremist Was Right|It Worked]]. ([http://www.thisamericanlife.org/radio-archives/episode/423/the-invention-of-money Here's that] ''TAL'' episode, if you're interested.)
* And then there's Venezuela, whose economy and currency have been a basket case since oil prices imploded in 2014. There have been multiple redenominations of currency (the Bolivar, the Strong Bolivar, the Sovereign Bolivar...), all of them ultimately pretty much worthless.
 
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