"10 billion can't even eat?"
If you were given 10 billion, what would you go?
What about retirement, buying a house, retiring early, or traveling around the country?
But in some countries, 10 billion can't even eat, and no one cares if they lose money on the road.
"Worthless money": Venezuela
In fact, when it comes to Venezuela, the first thing that comes to people's mind is the oil here, after all, it is a big oil country, and its reserves are about the same as Saudi Arabia.
With these God-given jobs, they can actually lie flat, but they don't know how to use resources, and they bet the fate of the entire country on the oil industry.
In every respect, this is a very risky decision, and if the oil crashes, the entire country's economy will be greatly affected.
And the facts have proved that Venezuela's decision-making is indeed problematic.
In 2014, international oil prices fell very sharply, and the entire country's economy instantly had problems.
But instead of trying to find a solution, the Venezuelan government is printing a lot of its country's banknotes called bolivars to stabilize the country's economy.
But this has also caused the whole country to be inflationary, and people's money has become worthless in an instant.
However, at this time, the government did not stop printing paper money, and people did have more and more money in their hands, but the money they needed to take when buying things became more and more.
It is no exaggeration to say that in Venezuela, banknotes are not even worth as much as paper paper.
For example, when buying daily necessities, you can bring a few pieces of money before, but after inflation, people will carry bags and bags as soon as they go out.
The money needed to buy a pound of pork is tens of thousands of bolivarians, which is not distressing for them at all.
There are even people who take their local banknotes and make them into various handicrafts and sell them to people who come to visit.
However, this amount of money cannot change the fate of this poor country, and even the standard of living in some African regions cannot be reached.
Indonesian rupiah
Indonesia is the largest Muslim country in the world, but long ago, the country's currency was very valuable.
In the long past, many people actually referred to Indonesia's currency as "rupiah", but the local government has emphasized that they should call other people's currency "rupiah".
The country's sense of existence is actually very weak, and its international status is "mediocre", but it is worth mentioning the population of their country.
According to relevant information, Indonesia has the fourth largest population in the world after China, the United States and India.
Before the Asian financial crisis in 1997, Indonesia's currency was still very valuable, but with the advent of the financial crisis, their country's economy was hit very hard, resulting in a very serious depreciation of the currency.
At the current exchange rate, 10,000 rupees can only be exchanged for 4 yuan.
That is to say, if according to the normal price, a ten-yuan bread, Indonesians need to pay 30,000 rupees to buy, if it is a little more expensive, it is estimated that you will have to go out with a large bag of money.
Zimbabwean currency
What is the largest banknote you've ever seen?
For us, the largest banknote is 100 yuan.
But in Zimbabwe, the largest banknote is as high as 100 trillion.
This number is estimated to be shocking to many people.
Under normal circumstances, 100 trillion would be enough to buy almost anything you want, but in Zimbabwe, you can only buy two loaves of bread at that price.
It is no exaggeration to say that the country is poor and only money is left.
According to relevant data, Zimbabweans have basically saved hundreds of millions, but they are still poor and have nothing.
Here, we can see people sitting on the side of the road selling for money, and if you have ten dollars, you can buy a big cart of Zimbabwean dollars, which is the "money" of the locals.
The purpose of this is actually to exchange a large amount of Zimbabwean currency for a small amount of US dollars, so as to exchange the worthless money in their hands.
When people go out to buy groceries or other things, they basically push a small cart with money on it, and they don't even need to cover it, because they are not afraid that their money will be stolen.
Here, it takes 3 trillion to take a bus, and it is easy to buy billions of eggs, if you want to buy a relatively large object, it is estimated that you need to use a tricycle to pull it.
In 2009, 250 trillion Zimbabwean coins could only be exchanged for 1 dollar, and if you take one dollar, you can probably bring back several bags of Zimbabwean coins.
And in 2019, the Zimbabwean dollar depreciated even more, and five dollars could be exchanged for 2.5 billion Zimbabwean dollars, a figure that sounds simply frightening.
But when you convert it, you find that it doesn't really have much money.
VND
It is no exaggeration to say that if you have 30,000 yuan, then you are already a local tyrant in Vietnam.
You must know that according to the official information, the exchange of RMB and VND is almost 1:3500, that is, one yuan can be exchanged for 3,500 VND.
And after 30,000 yuan arrived in Vietnam, he instantly became a billionaire.
In fact, this has a lot to do with Vietnam's own economic growth.
You must know that if a country's productivity and ability in all aspects are not good, then the monetary value of the whole country is actually very worthless, and Vietnam is such an existence.
The country mainly relies on agriculture, which is also the most important industry to maintain the country's economic development, coupled with their relatively weak industrial development, so this has led to the whole economy of Vietnam falling on the field of agriculture.
In this way, it is actually difficult for people's economic level to be improved, and the economy of the whole country cannot rise, and the value of the country's currency begins to decline gradually.
At this point, a vicious circle is formed.
In order to stimulate economic development, the government will print a lot of paper money to make people have more money in their hands, but this also leads to inflation, and money becomes less and less valuable.
And when people buy things, they need to spend more and more money.
Information sources:
China Youth Network "Venezuela's New Currency, Drop 6 0s at a Time" 2021-10-02 09:34
Embassy of the People's Republic of China in the Republic of Zimbabwe Zimbabwe Country Profile 2024-03-14 10:15