Highest Denomination

What’s a denomination?

In currency, it means a proper description of a currency amount, usually for coins or banknotes.

The highest denomination in Malaysian Ringgit is RM100, but many do not know that RM500 and RM1,000 were once used.

Malaysia_500ringgit_front

malaysia_1000ringgit_front

But what is the highest denomination in the world? What is the highest currency value that had ever been printed?

You may only know about Rupiah, the official currency of Indonesia, but the highest denomination is one hundred thousand Rupiah only (Rp100,000)

IndonesiaP144-100000Rupiah-2004-don

IS THERE ANY HIGHER DENOMINATION?

WHAT IS THE HIGHEST DENOMINATION?

Together with Rupiah, the Ukrainian Hryvnia (UAH) has a very high denomination – UAH100,000

800px-100000-Kupon-1994-Ukraine

Then come Yugoslavia Dinar (din). The highest is 500 Billion dinara (500,000,000,000)

500000000000_dinars-Yugoslavia

But wait, there’s even higher denomination. In second place, it is Zimbabwe Dollar. The highest denomination is 100 trillion Zimbabwean dollar (100,000,000,000,000)

Zimbabwe_$100_trillion_2009_Obverse

And the winner of the highest denomination is ….

………………………………

…………………….

……………

….

.

.

The winner is Hungary! This name for the currency of this country id Forint and the The highest denomination for this country is Ft100 quintillion. It is also called as Ft100million billion.

How many zero? Here you go:

100,000,000,000,000,000,000

It was printed in 1946 and the currency for Hungary then is called pengő.

It was worth about U.S. $0.20 in 1946 (about RM0.69 in today’s standard)

Here is a photo of it and it’s not in print anymore.

hungary

And for your further reading pleasure, the lowest fractional note is Fiji 1 penny, issued in 1942.

The old penny, being 1/240 of a pound, is a lower denomination than other fractional notes based on 1/100th of a basic monetary unit.

fiji3fx

And Tartarson is the country without any denomination – meaning, a series of currency checks without any denomination printed (no zero’s). So, you use the same denomination to buy whatever in whichever price wherever you go in this country. Isn’t it cool!?

tatarfx

Talking about big numbers, the Centennial of Independence from more than 300 years of Spanish colonial rule in 1998, the government of the Philippines wanted to do something very special. It issued the world’s largest banknote, beating the previous record: China Ming Dynasty 1 Kuan.

The 100,000 Piso note, measuring 35.6cm x 21.6cm (about the size of a legal page), is accredited by the Guinness World Records as the world’s largest legal tender note in terms of size.

phil18f

Lastly, China was the first country to use paper money. Ancient paper money can be traced back to the Pai-Lu P’i-pi (white deer-skin money) of Han Dynasty (140 BC) and the Fei-Chien (flying money) of Tang Dynasty.
Shown here is the oldest surviving Tang Dynasty 30 Kuan, 860-874.

china72

NOW YOU KNOW!!

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5 Comments »

  1. 1
    Bean Turd Says:

    Nice…. Interesting post. Very interesting indeed. 🙂

  2. 3
    captain star Says:

    no i have to disagree with your post there a bit,,the awards both deserve to go to your number two,,Zimbabwe,,it has broken every record there is for both the highest denomination ever made and the highest denomination currently,,,Hungary doesnt even compete with germany,,,or Zimbabwe for that matter,,which u didnt mention,,,during the rule of hitler,,Zimbabwe got quadtrillions and quintillions,quindcillions,,sextillions, if u didnt know,,because their inflation rate is over a 1000%,,and continues to rise by over 50 percent every month,i actually had one of the notes,,feel sorry for them,,but well researched on the rest,,very accurate

  3. 5
    hemroids Says:

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    And i’m glad reading your article. But should remark on few general things, The web site style is great, the articles is really excellent : D. Good job, cheers


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