If it had cost 5.5 cents to print a 1-dollar note in 1915, it would cost around $1.40 today.
When the printing costs of a banknote reach its face value, it has gone from fiat to commodity money.
If the devaluation continues, the issue of the nominal value must be discontinued.
The monitoring of central banks that are part of a hyperinflation is essential as it allows them to meet printing costs in ever shorter periods of time and maintain the flow of money for future generations.
The lack of larger banknotes makes it possible for money to remain frozen even during wartime.
„Cryptoeconomics“
by Eric Voskuil