50 Bolívares

Venezuela's hyperinflationary collapse makes the printing quantity here almost ironic. By the time this note entered circulation in 2018, the country's annualized inflation rate had already exceeded one million percent — a figure the IMF calculated at roughly 1,370,000% for that year alone. Fifty bolívares, at any point during 2018, could not purchase a single piece of chewing gum.

The modest security package reflects a broader institutional unraveling. Bolívar Fuerte notes had already been rendered worthless before the sovereign bolívar redenomination stripped five zeros in August 2018.