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[personal profile] randomness
According to various news reports, it was worth about €30 when it came out a little over two weeks ago. It buys a loaf of bread now. The government has just announced that it is lopping off twelve zeroes off the currency, and that all old currency will be declared worthless as of June 30th.



I can wait.

(no subject)

Date: 2009-02-05 05:50 am (UTC)
dpolicar: (Default)
From: [personal profile] dpolicar
Wow, and I thought Brazil had it bad, back in the day.
They could just establish the Trillion as their new currency.

(no subject)

Date: 2009-02-05 05:59 am (UTC)
From: [identity profile] r-ness.livejournal.com
They just did something equivalent to that, by announcing they were replacing a trillion old dollars with one new dollar.

I do think you have the hang of this whole central banking thing!

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