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Thursday, August 13, 2009
Myanmar's 90 kyat note
How astrology ruined Myanmar's economy

(kyat is the official currency of Myanmar)

In 1987, General Ne Win was told by his astrologer and numerologist that his lucky number was 9 and that he would live to be 90 if he "surrounded himself" with such auspicious digits.
So, the general invalidated all 50 and 100 kyat notes,and issued 45kyat and 90kyat notes. All the money that was saved in 50 and 100 notes by the people were rendered waste, and it led to the economic collapse of Myanmar (Burma).
Myanmar became the least developed nation of the world in 1987.

Sources: 1,2

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posted by bharath @ 2:05 PM  
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