Inflation, that's the big problem with fiat currency today as goods and services keep getting more expensive is because currency buying power becomes less and less. This is why I choose to keep a portion of my savings in gold and silver. They preserve buying power.
In 2014 Canada demonetized the 1 Cent coin, now my politicians are planning to eliminate the 5 Cent coin.
Here's another old banknote you might find familiar...
Other side...
Some of the official here also wanted to do somekind of Redonomination to our currency as well a few years ago, since now we already have so many zero on our currency. But not sure when it will be implemented.
But yeah the inflation really hits hard. Just like your 1000 rupiah in 1959 will definitely worth a lot back then, but now it not so much.
Anyway, it is so interesting that you have that old bank note witht that kind of condition. so awesome my friend.
!PIZZA !LUV
There is a certain appeal in collecting old banknotes, many are quite beautiful.
Fiat currency has a limited shelf life. The Canadian government is good at concealing true inflation but effects of inflation are undeniable along with the increasing tax burden.
!BBH
!LUV