Disappearing currencies as a result of geopolitics


Dozens of currencies disappear and appear as a result of the collapse and consolidation of states. We suggest recalling currencies that have recently disappeared.

5 geopolitical events, causing dozens of currencies to disappear. Photo: Contribution

Version of pespace magazine Suggests recalling currencies that have recently disappeared as a result of geopolitics.

Eurozone creations

The currencies of dwarf states and foreign departments also fell out of circulation.

The European Monetary Union started functioning from 1 January 1999. It now unites 19 states that have abandoned the national currency for the euro. Lithuania is the last country to have joined the coalition to date. The remaining European Union countries have not yet switched to the euro. Romania plans to move to European Union currency in 2024. The accession issue is also being discussed in the Czech Republic, Poland and Bulgaria.

USSR collapse

Currencies that have disappeared

5 rubles, 1961

The USSR, the official currency of the ruble, lasted from 1923 to 26 December 1991. After the collapse of the USSR, the ruble was gradually removed from circulation. A previous ruble was denied in 1995 by Tanzikstan. Recall that Ukraine changed to carbs in January 1992. And already in 1996, hryvnias appeared in circulation. Earlier we have written what is depicted on Ukrainian hryvnias and how they are printed.

Fall of yugoslavia

Currencies that have disappeared

10,000 Dinar, 1992

The dinar is the long-lasting pose in this review. It was first released in the Kingdom of Yugoslavia in 1918, then became an official currency during Socialism and went out of circulation in 2003 with the disappearance of the last republic of Yugoslavia – the Federal Republic. Serbia and Montenegro then denied Yugoslav Dinar.

Fall of Czechoslovakia

Currencies that have disappeared

500 Czechoslovak Crown, 1973

The Czechoslovak Krone was in operation from 1919 to 1993. After the country’s collapse in the Czech Republic and Slovakia, the currency was replaced by Czech and Slovak crowns. In 2009 Slovakia relinquished its national currency in connection with the transition to the euro. In the Czech Republic, the crown continues to run.

GDR disappearance

Currencies that have disappeared

200 issue, 1985

The brand lasted from 1948 to 1990. At this time, it was considered a non-convertible currency. And its movement outside the country was punished, with the exception of the small amounts needed to travel to countries in the Eastern Bloc.

After the fall of the Berlin Wall, the GDR brand was exchanged for the German brand, which was in vogue until the introduction of the Euro in 1999.

Not only the collapse of states and the formation of new economic blocks result in currencies going out of circulation. For example, in Zimbabwe, he was forced to leave the Zimbabwean dollar due to hyperinflation. And coupon-carbovans disappeared as a result of the denomination and the emergence of a new currency – hryvnia.

Read: Secure Investment: Which currencies are invested in and why


Source link

Leave a Reply