Recently, we came into possession of 100 units of fiat paper currency. Physically, that fiat paper currency is not different from the US dollar- both of them are ink printed on paper. That money looks like this:

At the latest exchange rate, this piece of paper is worth around 1.12 Aussie cents. Can you guess which country’s fiat money does that piece of paper belong to?

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This entry was posted on Tuesday, May 20th, 2008 at 11:14 pm and is filed under Economics/Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.