History Main / RidiculousExchangeRates

28th Apr '16 8:50:28 PM jgkitarel
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*** And that was when American currency was actually being used. For most of the U.S. and territories, the Spanish Real was preferred as it had a known and set value.
28th Apr '16 8:31:57 PM jgkitarel
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** The North Korean [[http://en.wikipedia.org/wiki/North_Korean_won Won]] lost even more value in 2009, largely due to the ill-advised financial reform that ignored ''all'' knowledge about how money works, even in a socialist command economy. Long story short, the government revalued the Won, chopping the two zeroes off it, but at the same time it instituted huge wage hikes to illustrate the nation's "prosperity". This would inflate the currency even in the most strictly controlled planned economy, but North Korea actually has a huge and poorly controlled black market, where normal economic mechanisms are at work, so the new Won dropped almost to the pre-reform value basically overnight.

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** The North Korean [[http://en.wikipedia.org/wiki/North_Korean_won Won]] lost even more value in 2009, largely due to the ill-advised financial reform that ignored ''all'' knowledge about how money works, even in a socialist command economy. Long story short, the government revalued the Won, chopping the two zeroes off it, but at the same time it instituted huge wage hikes to illustrate the nation's "prosperity". This would inflate the currency even in the most strictly controlled planned economy, but North Korea actually has a huge and poorly controlled black market, where normal economic mechanisms are at work, so the new Won dropped almost to the pre-reform value basically overnight.\
*** The North Korean government knew exactly what it was doing with that. It was trying to destroy the life savings of much of the population and eliminate any illusion financial independence from the system. It worked fairly well, at first, allowing them to say they did something about the black marketing. It was never intended to work for any longer than that.
18th Apr '16 3:18:49 PM margdean56
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* ''ComicStrip/{{Dilbert}}'' has the [[{{Ruritania}} fictional country of Elbonia]], where there someone wanted to buy something, and asked if "this" was enough, however much he actually had. The reply was something along the lines of "a minute ago, yes, but now it costs a hundred times more". The inflation rate has risen to one billion percent in [[http://www.dilbert.com/fast/2008-09-15/ these strips]], daily.

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* ''ComicStrip/{{Dilbert}}'' has the [[{{Ruritania}} fictional country of Elbonia]], where there someone wanted to buy something, and asked if "this" was enough, however much he actually had. The reply was something along the lines of "a minute ago, yes, but now it costs a hundred times more". The inflation rate has risen to one billion percent in [[http://www.dilbert.com/fast/2008-09-15/ these strips]], daily.



* In Creator/RobertAHeinlein's ''Literature/TheNumberOfTheBeast'' it notes that the alternate-future U.S. went through a huge hyperinflation, and one New Dollar is worth 1,000 "old" dollars. Except that 1000-times redenominations are dime a dozen and don't mean that there happened any huge hyperinflation, just pretty ordinary one. Serious hyperinflation starts when your currency devalues by ''billion'' times, and doesn't hit "huge" mark until you get to UsefulNotes/WeimarGermany level.

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* In Creator/RobertAHeinlein's ''Literature/TheNumberOfTheBeast'' it notes that the alternate-future U.S. went through a huge hyperinflation, and one New Dollar is worth 1,000 "old" dollars. Except that 1000-times redenominations are dime a dozen and don't mean that there happened was any huge hyperinflation, just a pretty ordinary one. Serious hyperinflation starts when your currency devalues by a ''billion'' times, and doesn't hit the "huge" mark until you get to UsefulNotes/WeimarGermany level.



-->'''The Guide:''' In fact there are three freely convertible currencies in the Galaxy, but none of them count. The Altairian Dollar has recently collapsed, the Flainian Pobble Bead is only exchangeable for other Flainian Pobble Beads, and the Triganic Pu has its own very special problems.[[note]]In the TV (and possibly radio) version, it uses "doesn't count as money"[[/note]] Its exchange rate of eight Ningis to one Pu is simple enough, but since Ningi is a triangular rubber coin six thousand eight hundred miles along each side, no one has ever collected enough to own one Pu. Ningis are not negotiable currency, because Galactibanks refuse to deal in fiddling small change. From this basic premise it is very simple to prove that the Galactibanks are also the product of a deranged imagination.

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-->'''The Guide:''' In fact there are three freely convertible currencies in the Galaxy, but none of them count. The Altairian Dollar has recently collapsed, the Flainian Pobble Bead is only exchangeable for other Flainian Pobble Beads, and the Triganic Pu has its own very special problems.[[note]]In the TV (and possibly radio) version, it uses "doesn't really count as money"[[/note]] Its exchange rate of eight Ningis to one Pu is simple enough, but since a Ningi is a triangular rubber coin six thousand eight hundred miles along each side, no one has ever collected enough to own one Pu. Ningis are not negotiable currency, because the Galactibanks refuse to deal in fiddling small change. From this basic premise it is very simple to prove that the Galactibanks are also the product of a deranged imagination.
17th Apr '16 10:01:18 AM SteveMB
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* A first-season episode of ''ScoobyDoo'' saw Scooby as a potential heir to a share in a considerable fortune--a million American dollars. [[spoiler:Turns out, while Colonel Sanders (no! not ''that'' Colonel Sanders!) had the million-dollar fortune... the dollars were in worthless Confederate paper money. [[FridgeLogic No attempt is made to explain why the mansion isn't noted as part of the estate, since it'd at least be worth something]]. Or the fact that Confederate money is highly valuable among collectors.]]

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* A first-season episode of ''ScoobyDoo'' saw Scooby as a potential heir to a share in a considerable fortune--a million American dollars. [[spoiler:Turns out, while Colonel Sanders (no! not ''that'' Colonel Sanders!) had the million-dollar fortune... the dollars were in [[WorthlessTreasureTwist worthless Confederate paper money.money]]. [[FridgeLogic No attempt is made to explain why the mansion isn't noted as part of the estate, since it'd at least be worth something]]. Or the fact that Confederate money is highly valuable among collectors.]]
3rd Apr '16 6:45:57 AM robotfencer
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* During the time that Texas was an independent republic in the 1830s and 40s, the Texan dollar (or "redback") became so inflated that eventually even the Texan government wouldn't accept it for payment of taxes, insisting instead on US dollars, gold, or silver.
26th Mar '16 8:47:54 PM FordPrefect
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* Solaris VII, [[BloodSport The Game World]] of ''TabletopGame/BattleTech'' is one of the few planets explicitly mentioned to print its own money. However, due to the proliferation of H-bills and the [[GlobalCurrency universally accepted]] C-Bill, Solaris scrip is only good on Solaris, and while it has some value for betting, there are a few snide references to the fact that to be worth anything, Solaris scrip must be spent in fairly large numbers and that as singles they might as well be given away. Oddly enough, no explicit exchange rates have ever been canonized, only the aforementioned implications. Most House currencies have much favorable [[http://www.sarna.net/wiki/C-Bill#Value exchange rates]].

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* Solaris VII, [[BloodSport The Game World]] of ''TabletopGame/BattleTech'' is one of the few planets explicitly mentioned to print its own money. However, due to the proliferation of H-bills and the [[GlobalCurrency universally accepted]] C-Bill, Solaris scrip is only good on Solaris, and while it has some value for betting, there are a few snide references to the fact that to be worth anything, Solaris scrip must be spent in fairly large numbers and that as singles they might as well be given away. Oddly enough, no explicit exchange rates have ever been canonized, only the aforementioned implications. Most House currencies have much more favorable [[http://www.sarna.net/wiki/C-Bill#Value exchange rates]].



* In''VideoGame/{{Tropico}} 3'' Absolute Power El Presidente can choose to print more money, while giving money in the short term it permenantly raises the price of everything else, the more money printed the more the economy becomes inflated. Eventually everything becomes too expensive to afford.

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* In''VideoGame/{{Tropico}} 3'' Absolute Power El Presidente can choose to print more money, money; while giving money in the short term term, it permenantly permanently raises the price of everything else, the more money printed the more the economy becomes inflated. Eventually everything becomes too expensive to afford.
12th Mar '16 12:10:03 AM GrammarNavi
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* Brazil faced hyperinflation several times over the 20th century, always ending up introducing a new currency only to see it lose value again. This ended in 1994 with the ''[[http://en.wikipedia.org/wiki/Plano_Real Plano Real]]'', in which (as ''ThisAmericanLife'' put it) the government lied to the people to restore confidence in the currency...[[TheExtremistWasRight It Worked]]. ([[http://www.thisamericanlife.org/radio-archives/episode/423/the-invention-of-money Here's that]] ''TAL'' episode, if you're interested; if you don't have the time to listen to a podcast right now, here's a [[http://www.npr.org/sections/money/2010/10/04/130329523/how-fake-money-saved-brazil written summary]] by the same person.)

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* Brazil faced hyperinflation several times over the 20th century, always ending up introducing a new currency only to see it lose value again. This ended in 1994 with the ''[[http://en.wikipedia.org/wiki/Plano_Real Plano Real]]'', in which (as ''ThisAmericanLife'' ''Radio/ThisAmericanLife'' put it) the government lied to the people to restore confidence in the currency...[[TheExtremistWasRight It Worked]]. ([[http://www.thisamericanlife.org/radio-archives/episode/423/the-invention-of-money Here's that]] ''TAL'' episode, if you're interested; if you don't have the time to listen to a podcast right now, here's a [[http://www.npr.org/sections/money/2010/10/04/130329523/how-fake-money-saved-brazil written summary]] by the same person.)
8th Mar '16 11:48:09 PM SublightMonster
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* In one of the ''ComicBook/RichieRich'' adventures, a would-be revolutionary in an unnamed Eastern-ish European country accidentally sets off his superweapon and levels an enormous swath of the country (luckily, NobodyCanDie, or even get hurt beyond scrapes and comically shredded clothes). As the leaders wail that it will cost billions to rebuild, Richie asks how much that is, to which his local companion says, "About 23 dollars." Richie promptly pulls a stack of bills from his pocket and everyone rejoices.
3rd Mar '16 10:18:37 AM eroock
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->"''They're saying starting next year we're gonna have to start paying our taxes in gold. You know your money's bad when the people who print it don't want it.''"
-->--''Anime/FullmetalAlchemistTheConquerorOfShamballa''

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->"''They're ->''"They're saying starting next year we're gonna have to start paying our taxes in gold. You know your money's bad when the people who print it don't want it.''"
-->--''Anime/FullmetalAlchemistTheConquerorOfShamballa''
"''
-->-- ''Anime/FullmetalAlchemistTheConquerorOfShamballa''
6th Feb '16 8:54:20 PM nombretomado
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* Inverted in an episode of ''{{Cheers}}'': Frasier tips a bellhop the equivalent of $100 US because he's overestimated the exchange rate. Soon the entire staff of the hotel shows up hoping for extravagant tips.

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* Inverted in an episode of ''{{Cheers}}'': ''Series/{{Cheers}}'': Frasier tips a bellhop the equivalent of $100 US because he's overestimated the exchange rate. Soon the entire staff of the hotel shows up hoping for extravagant tips.
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