The cheapest virtual currency in the world
Publish: 2021-04-26 10:19:14
1. For the Chinese, there are always inconveniences when the amount of money is too large, but the value of Turkish Ramen is so great that we are astonished. At present, the smallest face value of Turkish banknotes is 1000 lira, and the largest is 50 million lira! Why use such a big number? One Turk said half jokingly and half seriously, "when the face value is big, you will feel rich." A large face value does not necessarily mean money. At the beginning of last year, one dollar was about 690000 lira. On February 22 this year, after the Turkish government announced that it would give up its exchange rate control over the lira, it has now depreciated to 1.1 million lira to 1 US dollar, and may continue to depreciate. In this case, there are complaints. When you go to the bank to exchange US dollars for local currency, many people have to pack money in suitcases. Faced with pressure, the local government should consider a variety of countermeasures. The Central Bank of Turkey has come up with a new way to revise the local currency, that is, to cross out the six "zeros" after "1" on a coin with a denomination of 1 million Turkish Lira, so that 1 Turkish lira is equivalent to 1 US dollar. In order to implement the plan, the denominations of the local coins must be revised, because the denominations of the local coins are 1000, 2500, 5000, 10000, 25000, 50000, 1 million and up to 50 million. According to the analysis of some experts, there is really no way for the local government to adopt this tactic. The purpose of the Turkish government is to try to curb the devaluation of the local currency and enhance people's confidence in it. But it's hard to predict the effect. Because the apparent reason for the devaluation of the local currency is that the Turkish government gives up exchange rate control, but the real reason is the economic downturn. In addition, corruption in officialdom, structural defects in economy and finance are also important reasons for the devaluation of Turkish currency. The Turkish government is not only planning to change its currency, but also seeking outside support, mainly from the International Monetary Fund and the G7. At present, the International Monetary Fund and G7 group are in a dilemma in their policies towards Turkey. Turkey is a member of NATO. Currency devaluation affects national stability and is bound to bring trouble to other NATO members headed by the United States. Therefore, the United States and other western countries really want to help Turkey out of their own interests; On the other hand, the United States and other western countries still want to press the ground to continue to reform the financial system, but they are afraid of causing great social unrest. Therefore, Stanley Fischer, the first deputy general manager of the International Monetary Fund, said in principle at an internal meeting a few days ago: "turkey deserves the support of the international community."
2.
Zimbabwean dollar, a country in southern Africa, has the largest face value of 100 billion yuan, which is equal to 1 yuan
The Zimbabwean dollar is issued by the Reserve Bank of Zimbabwe. It is the legal tender of Zimbabwe. Every dollar is divided into 100 cents, and its symbol is abbreviated as "$" or "Z $" (distinguished from other currencies with "dollar" as the unit). The ripples on the shield symbolize the vast waters of Zimbabwe In the lower part of the shield is the world-famous cultural site "stone city". Five pointed stars and Zimbabweans stand at the top of the shield. The bird is a symbol of the wishes of a country and a nation, as well as the ancient culture of Zimbabwe and African countries. There are corn and cotton patterns on the hillside at the bottom of the shield, symbolizing Zimbabwe's rich agricultural procts and mineral resources. On both sides are Zimbabwean antelopes "Unity, freedom and labor" is written on the ribbon in English{rrrrrrr}
extended data: Zimbabwe is a land locked country in southeast Africa. A centralized state began to form around 1100 A.D. Monotapa was founded by the makarenga in the 13th century and peaked in the early 15th century
In 1890, it was colonized by the British South African company, and in 1923, it was taken over by the British government and became an "autonomous territory". Independence on 18 April 1980
Zimbabwean dollar is the currency issued by the Central Bank of Zimbabwe, which is the legal tender of Zimbabwe. Each cent is equivalent to 100 points, and its symbol is abbreviated as "$" or "Z $" (with other symbols to distinguish "Yuan" as the monetary unit). The ripples on the shield represent the vast waters of Zimbabwe
the lower part of the shield is the world famous cultural site "Shicheng". At the top of the shield rose a pentagram and a Zimbardo. The bird is a symbol of the country and national aspirations, as well as an ancient symbol of Zimbabwe and African culture
there are corn and cotton patterns on the hillside under the shield, symbolizing Zimbabwe's rich agricultural procts and mineral resources. There are Zimbabwean antelopes on both sides
3. The lowest currency in the world
in recent years, Guinness world has continuously tracked and compared the currencies of various countries in the world. The Turkish currency lira is the lowest in the world and deserves to be rated as "the least valuable currency"< The low value of the Turkish lira is astonishing. The largest denomination of Turkish banknotes is 20 million lire, and the smallest denomination is 250000 lire. Coins of less than 100000 denominations. The face value of Turkish currency is so large that it is very troublesome to calculate and use. For example, the last time the toilet was charged, it would cost 250000 lire, 1 million lire for a kilogram of tomatoes, 199 million lire for a good suit, and the next time a family would spend hundreds of millions or more lire for a restaurant. Millions and tens of millions of these figures are astronomical figures for ordinary Chinese people. However, tens of billions and hundreds of billions of such astronomical figures have become a part of Turks' daily life
our common calculators are not available in Turkey at all. There was a cartoon entitled "millionaire" in an influential newspaper in Turkey: a topless man in a pair of shorts reclines on a bed covered with a large patched sheet, holding a 1 million lira bill< In fact, the Turkish Lira was not astronomical in the first place. At the beginning of the issuance of lira in 1920, the value of 1 Turkish Lira even exceeded 1 US dollar. Even in the early 1980s, the exchange rate between lira and US dollar was still 100:1. At that time, 5 million lira could buy a luxury house, but now lira of the same denomination can only buy 1 jin of beef and mutton. In Turkey, hundreds of thousands of lira can be exchanged for a dollar in the morning, and more than one million lira can be exchanged for a dollar in the afternoon. Stores prefer to trade in foreign currency rather than lira. Civil servants will immediately exchange for foreign currency after receiving salary every month, and some people will consume it quickly after receiving salary, thus playing the role of "preserving value"
the low value of the Turkish lira is mainly e to the financial turmoil in Turkey in early 2001. It is reported that the fuse leading to the financial crisis in Turkey was the sudden exposure of the discord between the prime minister and the president at the beginning of the year and the conflict between the two political giants
at the beginning of this century, when the Turkish government was investigating the corruption of several domestic banks, then Prime Minister erjevit and President seizer went their own ways and did not communicate with each other. According to local media, President seizer began what he called an "independent investigation" into corruption in the banking system; At the same time, Prime Minister ejevit, who is also concting an investigation, accused that the president's practice seriously affected and interfered with his ongoing investigation. In response to the accusations from the government, seizer immediately retorted. He accused the government of trying to cover up the corruption of the banking system, and the government was responsible for it. The two sides were at each other's throats, and finally they were exposed when the contradiction became too intense to be reconciled. In a joint meeting, because of no speculation, Prime Minister edgevitt left halfway, led the cabinet members back to the government office building angrily, and disclosed all this to the media. Once the incident was exposed, it immediately had a huge shock wave on the financial market, and the inflation rate rose sharply. Turkish currency lira plummeted. Overnight, the value of lira fell by about 21%
another important reason for the devaluation of the lira is the untimely announcement by the Turkish government to allow its currency lira to float freely. On February 22, 2001, on the day of free floating of lira, the exchange rate of lira against US dollar plummeted by more than 36%, reaching 1072000 lira against US dollar. There was a run in Ankara, the capital, and Istanbul, the largest city. People lined up outside banks and foreign exchange offices to exchange US dollars. Turkey's National Central Bank says its foreign exchange reserves alone have fallen by more than $7 billion in a day.
in recent years, Guinness world has continuously tracked and compared the currencies of various countries in the world. The Turkish currency lira is the lowest in the world and deserves to be rated as "the least valuable currency"< The low value of the Turkish lira is astonishing. The largest denomination of Turkish banknotes is 20 million lire, and the smallest denomination is 250000 lire. Coins of less than 100000 denominations. The face value of Turkish currency is so large that it is very troublesome to calculate and use. For example, the last time the toilet was charged, it would cost 250000 lire, 1 million lire for a kilogram of tomatoes, 199 million lire for a good suit, and the next time a family would spend hundreds of millions or more lire for a restaurant. Millions and tens of millions of these figures are astronomical figures for ordinary Chinese people. However, tens of billions and hundreds of billions of such astronomical figures have become a part of Turks' daily life
our common calculators are not available in Turkey at all. There was a cartoon entitled "millionaire" in an influential newspaper in Turkey: a topless man in a pair of shorts reclines on a bed covered with a large patched sheet, holding a 1 million lira bill< In fact, the Turkish Lira was not astronomical in the first place. At the beginning of the issuance of lira in 1920, the value of 1 Turkish Lira even exceeded 1 US dollar. Even in the early 1980s, the exchange rate between lira and US dollar was still 100:1. At that time, 5 million lira could buy a luxury house, but now lira of the same denomination can only buy 1 jin of beef and mutton. In Turkey, hundreds of thousands of lira can be exchanged for a dollar in the morning, and more than one million lira can be exchanged for a dollar in the afternoon. Stores prefer to trade in foreign currency rather than lira. Civil servants will immediately exchange for foreign currency after receiving salary every month, and some people will consume it quickly after receiving salary, thus playing the role of "preserving value"
the low value of the Turkish lira is mainly e to the financial turmoil in Turkey in early 2001. It is reported that the fuse leading to the financial crisis in Turkey was the sudden exposure of the discord between the prime minister and the president at the beginning of the year and the conflict between the two political giants
at the beginning of this century, when the Turkish government was investigating the corruption of several domestic banks, then Prime Minister erjevit and President seizer went their own ways and did not communicate with each other. According to local media, President seizer began what he called an "independent investigation" into corruption in the banking system; At the same time, Prime Minister ejevit, who is also concting an investigation, accused that the president's practice seriously affected and interfered with his ongoing investigation. In response to the accusations from the government, seizer immediately retorted. He accused the government of trying to cover up the corruption of the banking system, and the government was responsible for it. The two sides were at each other's throats, and finally they were exposed when the contradiction became too intense to be reconciled. In a joint meeting, because of no speculation, Prime Minister edgevitt left halfway, led the cabinet members back to the government office building angrily, and disclosed all this to the media. Once the incident was exposed, it immediately had a huge shock wave on the financial market, and the inflation rate rose sharply. Turkish currency lira plummeted. Overnight, the value of lira fell by about 21%
another important reason for the devaluation of the lira is the untimely announcement by the Turkish government to allow its currency lira to float freely. On February 22, 2001, on the day of free floating of lira, the exchange rate of lira against US dollar plummeted by more than 36%, reaching 1072000 lira against US dollar. There was a run in Ankara, the capital, and Istanbul, the largest city. People lined up outside banks and foreign exchange offices to exchange US dollars. Turkey's National Central Bank says its foreign exchange reserves alone have fallen by more than $7 billion in a day.
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