1 definition by EconomicsIsABoardGame

monopoly money

Refers to currencies that have suffered or continue to suffer from hyperinflation. Because currency denominations rapidly lose value, printed bills will become worth very little after a short time. They eventually become almost worthless, not even worth the paper they are printed on, like monopoly money.

Countries that use/have used monopoly money:
Argentina
Brazil
Turkey
Zimbabwe
Iran
Israel
Chile
(Also any country where simple items currently cost 1000's of their currency unit, as this is an indication of past hyperinflation)

by EconomicsIsABoardGame December 19, 2007