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Monday, 15 November 2010

Failed Currency: What A Wiemar Currency Note Looked Like

Observers of the economy are still debating whether we are heading into a hyper-inflationary environment or a deflationary environment. If we head into a deflation then we do not need to any examples about how our currency note would look like because the present currency may be worth more than today(in terms of purchasing power). However, if we head into a hyper-inflationary environment except the citizens of Zimbabwe, none of us have any real experience of living through those times. So it is probably apt that we have look at the Weimar Currency notes of Germany in the early 1920s to gain some insights of what our currency would look like. Given below is one such picture of the German Papiermark of yesteryear:

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