Is there any relationship between inflation and fiat redesign? As in new bills with new designs?
Discussion
Sure
Seems like it mostly ‘anti-forging’ technology. Different materials, holograms etc
Average lifetime of any fiat currency is 27 years. After that the currency needs to be replaced or reformed as it has lost at least 50% of it's purchase power (by design) with 2% inflation p.a.
Well at the US dollar bills they have removed some words during the years 👀
They still need to remove the words "reserve currency"
Pretty sure that happened in Argentina...
Or I think they just inflated the currency to the point of failure several times, so they had to make a new currency...
The second. Like "yea this shit ain't working no more, we now have this one"
Yes, here are some of the mockups for the new EUR notes.
With the average lifetime of any fiat currency being 27 years there is no way around replacing the currency or reforming it since it has lost at least 50% of it's value at 2% inflation p.a. So yes, new banknotes are a built-in feature for any currency since none of them is designed to succeed.
Cash is such a small portion of money, I doubt it. It probably has more to do with the currency needing a "rebrand" when it's weak
Weak attempt at currency marketing bullshit. Like, yeah, our currency sucks, but it is newer now. Fresh coat of paint on a steaming turd.
Are the making the bills smaller while claiming they are worth the same amount?