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    1. Re: [SOUTH-AFRICA] Value of money?
    2. Johan Venter
    3. Keith, In today's money that would be equivalent to about US$ 3 million, or ZAR 30 million (If not more). Yes, that was quite a considerable amount. A good guide to devaluation of currency is to compare prices of everyday commodities. In 1919, South Africa, a box of matches (3x the size of a modern box of matches - containing 100 matches) cost a farthing (1/4 penny about 0.5 US cent). A tin of condensed milk (which in those days was imported from England) cost 3d (about 5 US cents), and was considered an expensive luxury. A tailor-made men's suit, made from your choice of fabric and style, to your exact measurements. Cost one guinea (£1 1/- ~US$ 2.10). Johan. >> All, I have just come across my grandfather's estate. In 1919, it was 3,000 pounds sterling. Am I correct in thinking that was a large amount of money? What would be the equivalent worth today? Keith

    10/09/2011 09:10:34