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Singapore & Brunei (1) had a $10000 bill until 2014 (worth ~7400 USD), and still have a $1000 bill (as does Switzerland with its better exchange rate) (1) I do
by latch 6y ago
Singapore & Brunei (1) had a $10000 bill until 2014 (worth ~7400 USD), and still have a $1000 bill (as does Switzerland with its better exchange rate)
(1) I don't know what the word is (linked?) but their currency is interchangeable. You can go to a Singapore bank with $100 BND and get $100 SGD (no fee) and vice versa.
- nordsieck 6y ago> I don't know what the word is (linked?) but their currency is interchangeable. You can go to a Singapore bank with $100 BND and get $100 SGD (no fee) and vice versa. I believe the term is "pegged"[1], although what you describe sounds like it is much more involved. ___ 1. https://en.wikipedia.org/wiki/Fixed_exchange_rate_system https://en.wikipedia.org/wiki/Fixed_exchange_rate_system