Missed the green dye in the Chicago River on Monday, though of course plenty of pictures have been posted elsewhere. It’s a curious custom. Mostly the river looks like this in the colder months.
I’ve been transferring images from one place to another — from a very old computer to a somewhat old computer — and looked at some of the files for the first time in a while. I didn’t remember, for instance, that I’d scanned my Biafran one-pound note.
I bought it sometime in the late 1970s, and I know I didn’t pay very much for it. Biafra might have failed as a secessionist movement, but apparently they produced a lot of worthless banknotes during their try.
Then there’s this:
Weimar Republic hyperinflation currency, to the tune of 10,000 marks, dated January 19, 1922. Scanned slightly askew, but never mind. I bought four or five of these notes, in crisp condition, for $1 in 2001.
One more. The theme tonight, it turns out, is nearly worthless banknotes — not only as collectibles, but pretty much from day one.
This is a 1,000 rubles. Or was. Dated 1993, plucked out of circulation by me in 1994. During the two weeks we were in the Russian Federation, the value of the ruble against the dollar varied a lot. I seem to remember it being about 2,000 rubles to the dollar — or was it 3,000? I think it was both, at one time or another. This was small change in any case.
The currency has been redenominated since then. Wiki, for what it’s worth, says “the ruble was redenominated on 1 January 1998, with one new ruble equaling 1000 old rubles. The redenomination was a purely psychological step that did not solve the fundamental economic problems faced by the Russian economy… and the currency was devalued in August 1998 following the 1998 Russian financial crisis. The ruble lost 70% of its value against the U.S. dollar in the six months following this financial crisis.
“By calculating the product of all six redenominations, it is seen that a pre-1921 ruble is equal to 2×1016 current rubles.” About 20 quadrillion to one, that is. Good thing they’ve been redenominating. Even Zimbabwe doesn’t have a currency that small, I think.