Worthless Paper Category

By: Farhah Aziz As you turn on your TV channels or browse through your daily newspaper articles, stories about Venezuela’s crippling economy is omnipresent. There is no war or intense political conflict in Venezuela. Then why do we see miles-long queue of people trying to purchase basic goods or why thousands of Venezuelans are taking the risk of crossing the borders to seek a better life in neighboring Colombia or even the Portuguese-speaking Brazil? WHY IS THERE AN ECONOMIC COLLAPSE IN VENEZUELA? Just a few years ago, Venezuela was cited to beRead More
By: Farhah Aziz Zimbabwe; a landlocked country known for Victoria Falls, Robert Mugabe and indeed the hyperinflation crisis. Who hasn’t heard of the infamous phase of hyperinflation crisis plaguing the country in the late ‘90s stretching into early 2000s? The annual inflation rate was indeed extremely staggering with a record high, 500 billion per cent as of 2009, ranked the highest in the world. So, what has caused this economic chaos to happen in the first place and where is this southern African economy heading to in the future? “Indigenization”Read More

Posted On January 17, 2017By Ophir IIIn Worthless Paper

Worthless Paper – Tanah Melayu (Malaysia)

100 Dollar The Japanese Government Issue Date: 1943-1944 Printer: Yokohama Specie Bank Watermark: Kiri Flower Obverse: Village House Reverse: Farmer with 2 Buffalos Issued Paper: Woven Paper & Normal Paper In 1943, Tanah Melayu had experienced the highest economic crisis and inflation in its history. The Japanese was no longer possess gold yet the money was printed endlessly! Apart from that, the currency value fell drastically each time Japan lose in war to America in Asia and Pacific from 1943 until 1945. During that time, people in Tanah Melayu wasRead More