By Admin 
The Latin American country Venezuela is currently in the global headlines for two reasons. First, its opposition leader Maria Corina Machado has been awarded the Nobel Peace Prize 2025 and second, the country’s currency system is being counted among the most extreme economic examples in the world.
According to the Nobel Committee, Machado has been given this award for promoting democratic rights and peaceful transition from dictatorial rule. For many years he raised his voice against government pressure and struggled to protect civil liberties.
Venezuela included in the world’s most expensive currency
Political instability and economic crisis have badly affected the Venezuelan economy. Hyperinflation increased so much in the country that the government had to print the largest currency note in history. In October 2021, Venezuela issued a note of 1 lakh Bolivar (100,000 Bolivar), which is among the highest value notes in the world. The value of this note in Indian Rupees is approximately ₹ 3,15,65,72,917 (more than three billion fifteen crore rupees), but the surprising thing is that despite such a huge value, the purchasing power of this note is very low, that is, even with such a big note, only some essential everyday things can be purchased. Apart from this, at present the value of one rupee Indian currency is Rs 2 lakh 17 thousand 474.
Why did such a big note have to be printed?
After 2014, the fall in oil prices, economic crisis and political instability weakened the Venezuelan currency rapidly. The government considered the solution to this to be printing new and higher denomination notes, but this increased inflation further. Within no time, the currency that started at 10 bolivars turned into notes worth millions and ordinary citizens had to carry bags of notes even for a small purchase. Economists call this an extreme example of hyperinflation, where the real value of a currency drops to mere paper value.
Which has been the largest note in India?
The largest circulating note in India at present is ₹500. However, the ₹2000 note was issued in 2016, which was withdrawn in 2023. Not many people know that the Reserve Bank of India had also issued a ₹10,000 note in history – first in 1938 and second in 1954. It was demonetized twice in 1946 and 1978. Today this note exists only in the form of collection.
₹5000 note still in circulation in Pakistan
In the neighboring country Pakistan, the largest note is of ₹ 5000 Pakistani rupees. This note was issued in 2005 and is still in circulation. Although Pakistan is also facing rapidly increasing inflation, but the government has not yet issued a new note of higher value than this.
Also read: Nobel Prize 2025: ‘Maria Corina also admitted, I am the real deserver’, Trump’s pain expressed over not getting the Nobel Prize! Said- I did not tell him this…