The value of the most expensive to date paper banknotes in the world almost equal to one bitcoin, writes Quartz.
The bill in question, belongs to Brunei, one of the most centralized countries in the world, and from 2006 shows one of the richest men in the country, its leader, Sultan Hassanal Bolkiah.
Banknote of 10 thousand Brunei dollars is approximately 7.6 thousand dollars. According Сoinmarketcap, the bitcoin’s price, after rising from $7,460 for the last day also is about $7600.
Rate of Brunei dollar is almost identical to a dollar exchange rate Singapore, where, until recently, had its own bill of 10 thousand dollars. Banknotes with a high face value is removed from circulation worldwide, as they facilitate illegal activities such as terrorism financing, money laundering and tax evasion.
Sultan Hassanal Bolkiah, one of the last absolute monarchs on the planet, is also one of the richest men in the world. His fortune at more than $20 billion appeared due to extensive oil and gas deposits of Brunei, which form the basis of the economy.
The population of Brunei is less than half a million residents. Recently the country has in force strict Islamic Sharia law that has drawn criticism from various international human rights groups. In December last year, when most altcoins were at a record high, the country’s Central Bank warned citizens against using them.
Earlier, a man named John, who calls himself a time traveler, said that by the year 4000, the physical money will be replaced by cryptocurrency.
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