Virtual currency is worthless currency
Some virtual currencies are illegal in China. Chinese laws prohibit virtual currencies. The only legal currency in China is RMB. Since the people's Republic of China issued RMB, it has lasted 71 years. With the development of economic construction and the needs of people's life, it has graally improved and improved. So far, it has issued five sets of RMB, forming a multi variety and multi series monetary system of paper money and metal money, ordinary commemorative money and precious metal commemorative money
except for 1,2,5 fen coins, the first, second and third sets of RMB have been withdrawn from circulation, and the fourth set of RMB has been suspended from circulation since May 1, 2018 (except 1 jiao, 5 jiao notes and 5 jiao, 1 yuan coins). The current circulation of RMB is mainly the fifth set of RMB issued in 1999
the people's Bank of China is scheled to issue the fifth set of RMB 50 yuan, 20 yuan, 10 yuan, 1 yuan banknotes and 1 yuan, 5 jiao, 1 jiao coins of the 2019 edition from August 30, 2019. The fifth set of RMB inherits the traditional experience of China's printing technology and draws lessons from the advanced technology of foreign banknote design, which has greatly improved its anti-counterfeiting performance and currency processing modernization
Chairman Mao Zedong's head portrait in the early days of the founding of the people's Republic of China is used on the front of each denomination currency, the famous Chinese flower pattern is used on the bottom, and the main scenery pattern on the back fully shows China's long history and magnificent mountains and rivers, and carries forward China's great national culture by selecting representative patterns with national characteristics
network virtual currency can be roughly divided into
the first category is familiar game currency. In the era of stand-alone games, the protagonist accumulates money by knocking down the enemy, entering the gambling house to win money, and using these to buy Herbs and equipment, but it can only be used in his own game console. At that time, there was no "market" between players. Since the establishment of Internet portal and community, the realization of game networking, virtual currency has a "financial market", players can trade game currency
the second type is the special currency issued by the portal website or instant messaging service provider, which is used to purchase the services in the website. The most widely used is Tencent's q-coin, which can be used to purchase membership, QQ show and other value-added services
the third kind of virtual currency on the Internet, such as bitcoin (BTC), Fuyuan coin (FTC), Wright currency (LTC), etc. bitcoin is an electronic currency proced by open-source P2P software. Some people also translate bitcoin as "bitcoin", which is a kind of network virtual currency. It is mainly used for Internet financial investment, and can also be directly used in daily life as a new currency.
the biggest difference between bitcoin and other virtual currencies is that its total number is very limited. The number of bitcoin protocols is capped at 21 million to avoid inflation. Using bitcoin is to use the private key as a digital signature, allowing indivials to pay directly to others without going through third-party institutions such as banks and electronic payment platforms
The Zimbabwean dollar is the cheapest currency in the world
The Zimbabwean dollar is issued by the Central Bank of Zimbabwe and is the legal tender of Zimbabwe. Each dollar is divided into 100 cents. The ripples on the shield symbolize the vast waters of Zimbabwe. At the bottom 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, labor" is written on the ribbon in English The price of Zimbabwe is getting higher and higher, but the money is getting thinner and thinner. Inflation makes many people cry out that they can't bear it. Zimbabwe in Africa has a deep feeling. A 10 million Zimbabwean note can only be exchanged for us $1.5, while a chicken in Zimbabwe costs 13 million Zimbabwean dollars, Vagrants have to pick up garbage for at least two months, and they don't eat or drink to buy a chickenmany street people came to Zimbabwe's garbage mp, and they had no money to buy food, so they had to help themselves. A fairly healthy vagrant can still save 20 million Zimbabwean dollars a month, but like a frail Sophia, she only earns 1 million Zimbabwean dollars a month from selling things. "The government subsidies are not enough," said Sophia, a garbage collector. "I have to pick up garbage and make money to pay the rent so that I can have a place to sleep." A Zimbabwean banknote with a denomination of 10 million is only equivalent to US $1.50. The local inflation in November last year was 24447%. In just over three months, the inflation has tripled to 66000%
there are nearly five million Zimbabwean dollars in a package of potato chips in the supermarket, but they are still sold out. It is said that five million Zimbabwean dollars is still the price of last month. At present, the price has doubled. The local inflation makes the people miserable. The government has nothing to do but suppress the freedom of the media, For example, CNN in the United States was refused to report on Zimbabwe. This rare record of Zimbabwe was only completed with the help of reliable sources, and the international community was able to know the tip of the iceberg about Zimbabwe
The world's top ten least valuable currencies, Iran's Riyal 114000: US $1, Cambodia's Riel was issued in 1995 to replace India's Piast. At first, Cambodia's Riel was not popular among local people who used foreign currency because of its low price. Now, many Cambodians like to pay in US dollars, which leads to the devaluation of the Cambodian Riel
Zimbabwe. On March 18, 2009, the new finance minister of Zimbabwe, tengdayi Biti, officially announced that the "death" of Zimbabwe's currency, the Zimbabwean dollar, has become a reality. Since October last year, the Zimbabwean dollar has been dying and is no longer in circulation
from June 15, 2015 to September 30, 2015, 17.5 billion Zimbabwean dollars can be exchanged for 5 US dollars, and each account can get at least 5 US dollars. In addition, 250 trillion Jin Yuan can be converted into US $1 for Jin Yuan issued before 2009. Zimbabwe's currency, the Zimbabwean dollar, will stop circulating in September, and Zimbabwe implements a multi currency policy
extended data
Zimbabwe has experienced severe hyperinflation, but since 2009, when the US dollar and South African rand were used to replace its domestic currency, inflation has graally stabilized
However, since the second half of 2018, there has been a big gap between the official exchange rates of US dollar and bond currencies and the black market exchange rates, which has led to a sharp rise in prices. In February 2019, the Central Bank of Zimbabwe began to adjust the exchange rate between the US dollar and the bond currency through market means, and no longer locked the official exchange rate between the US dollar and the bond currency at 1:1a 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, people complain. 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 experts, there is no way for the local government to adopt this method. 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
in addition to the planned currency reform, the Turkish government is also seeking outside support, most notably 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."
according to the Eurasian archives, although the prices of some countries are soaring and money is becoming less and less valuable, the least valuable money is still Turkish Lira.
according to the current exchange rate, one dollar can be converted into 269000 Turkish Lira. In 1924, when the lira was issued, 0.9 lira could be converted into 1 US dollar, but in recent years, inflation has remained high, and lira has become less and less valuable. The biggest headache for this is Turkish businessmen and accountants, who are often tens of billions of lira. Ordinary calculators simply do not have such a large capacity<
the least valuable is the Turkish Lira
the current exchange rate is about 1.47 million Turkish Lira to the US dollar
equivalent to RMB exchange rate: 1.18 million Turkish Lira to the RMB