200 Bolívares

Venezuela's 200 bolívar note arrived in 2018 already economically irrelevant. By that point, hyperinflation — officially acknowledged by the IMF as exceeding one million percent annually — had rendered denominations of this scale meaningless for any ordinary transaction. The government's response was to issue higher values while simultaneously refusing to acknowledge the scale of the collapse, which produced a cascade of new notes that were outdated almost at the moment of printing.

The 12.175 million print run is modest by crisis-era standards, partly because the 2018 sovereign bolívar redenomination (lopping five zeros off the strong bolívar) rendered the entire preceding series obsolete before most notes reached circulation.