With hyperinflation soaring and a global economic crisis far from over, I am curious to see your country's most worthless bill or coin in circulation and what it can buy.
CAMBODIA ☸️
@sreypov and Monkey-B in Cambodia
Although I am an American citizen, I have lived outside the USA for over 10 years, so I'm no longer well-informed on the value of a penny, especially what and/or if it can buy anything.
I have spent the majority of my adult life in Cambodia living on a blue-collar Cambodian monthly income, so I feel a bit more comfortable sharing with you several things the 100 Cambodian Riel note can purchase.
In the picture you can see @sreypov and Monkey-B riding a bicycle in our old town of Kampot, Cambodia. Unfortunately, these days a blast of compressed air in one of your bicycle tires costs 200 to 300 riel.
100 Cambodian Riel ($0.025 USD) 💵
What Can 100 Riel Buy?
- 2x pieces of candy
- 1x small nut/washer at a hardware store
- 2x green onions
- 5x kaffir lime leaves
- 1x small marble
- 20x rubber bands
- 1x photocopy (black and white)
- 1x small bandage
- 1x cigarette
- 2x pieces of white chalk
You really can buy these items in these quantities. All roadside shops have a lighter on a string and sell individual cigarettes to those that don't want to get too invested in a smoking habit. Buying an individual bandage or or a couple tablespoons of cooking oil in tiny plastic baggy are all common daily transactions in Cambodia.
SURINAME 🛕
Suriname is the place we have called home after becoming stranded migrants here nearly two years ago. Suriname is roughly 5 to 10 times more expensive than Cambodia, and all we have ever done here is focus on surviving day to day, a world apart from our former life in Cambodia.
After having lived here for nearly 3 months, I received two 1-cent Suriname coins as change for an item (can't remember what it was) purchased at a local store.
I have never seen the Suriname 1-cent piece ever since that day, and I still have those two coins because hyperinflation set in shortly after I received them, making the coins nearly worthless, although still in circulation.
1 Suriname Cent ($0.006 USD) 👛
What Can 1 Suriname Cent Buy?
- ABSOLUTELY NOTHING!!
With a bit of math and a digital scale I was able to determine how much cumin seeds amounts to 1 cent's worth here in Suriname.
With the street exchange rate at 18 Suriname Dollars = 1 USA Dollar, this amounts to roughly 1/32 tsp of cumin seeds, 31/32ths short of enough for a recipe.
There are even 5-cent, 10-cent, 25-cent, $1, and $2.50 Suriname coins, but at the moment even the 5 and 10-cent coins are rarely used except for making exact change for bus fare and a few other things.
💸 SHOW ME YOUR CURRENCY'S MOST WORTHLESS NOTE/COIN IN CIRCULATION 💸
Whether you're in the Caribbean like us, or anywhere else on the globe, I would love to see what your local smallest form of currency can buy or not buy.
Show me your country's smallest note/coin in the comments below, and an example of what it can buy locally, and I'll be smashing the upvote button for you.
Local purchasing power and foreign currency have always interested me. Vietnamese Dong have a lot of zeros, but the smallest note in circulation I am aware of or have seen is the 500 VND note, worth around 2.5 cents USD, the same as the Cambodian 100 riel.
https://www.bnm.gov.my/index.php?ch=en_historical_background&pg=en_banknotes_issued
1 cent is out of circulation, which perhaps the copper clad bronze metal is worth more than MYR0.01
5 cents - can't buy anything but can serve for rounding up or down prices. For e.g the price of an item is say 99.93 (rounded up) 99.95.
10 cents - couple of nails from a hardware store.
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