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The FCPA makes it better for everyone

Bill Coffin | January 29, 2018

In my dining room, we don’t use our china cabinet to display our good dishes. We use it instead as a kind of trophy cabinet for the various things we have picked up from around the world. And in it, among small pieces of Venetian blown glass, a tiled conch shell from Tibet, Costa Rican Boruca masks and a little chunk of the Berlin Wall, is one of my prized possessions: a Zimbabwean $100 trillion bill.

This was given to me as a birthday present by a friend of mine who ordered this shortly before Zimbabwe gave up on its currency altogether in favor of the U.S. dollar. At that point, the country was cranking out $100 trillion bills as fast as it could make them. The bill itself is printed on decent-grade office paper. The heavy stock we use when proofing print issues of Compliance Week is notably nicer. And given that it required duffle bags of this money just to buy simple groceries, the $100 trillion bill is a good example of a currency not worth the paper it's printed on.... To get the full story, subscribe now.