Banknote Blog

The 5 Worst Hyperinflations in History — and the Banknotes That Survived Them A Collector’s Guide to the Most Extreme Currency Collapses Ever Recorded — Hungary, Zimbabwe, Yugoslavia, Weimar Germany, and Venezuela — and the Historic Notes They Left Behind Of the 62 hyperinflation episodes documented in the academic record, only a handful left behind a body of currency that is still actively collected today. Most were short-lived events whose notes either disappeared into …

Venezuela at a Crossroads Economic Possibilities After the Capture of Nicolás Maduro In a move that has shocked Latin America and beyond, United States special forces raided Caracas on 3 January 2026 and captured Venezuelan President Nicolás Maduro and his wife. U.S. President Donald Trump declared that the United States would temporarily oversee Venezuela until a safe, proper, and judicious transition could occur, suggesting that U.S. oil companies would be brought in to rebuild …

The Venezuelan Pivot (2026) Geopolitical Shock, Monetary Reconstruction, and the Asymmetric Value Proposition of the Bolívar On January 3, 2026, the geopolitical architecture of the Western Hemisphere underwent a seismic shift with the execution of "Operation Absolute Resolve," a United States military operation that resulted in the capture of Venezuelan President Nicolás Maduro. This event has effectively decapitated the administrative structure that has governed the nation for o …