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Hyperinflation is a rapid, massive, and unmanageable increase in prices. In Hungary, just after World War II, prices doubled every 15 hours. More recently, in Zimbabwe, prices doubled every day.
A more recent example of hyperinflation turned up in Zimbabwe in early 2007. During the heavily sanctioned reign of dictator Robert Mugabe, Zimbabwe’s food production dropped dramatically ...
Trust in Zimbabwe’s currency is desperately low after people in 2008 had their savings wiped out by hyperinflation, which reached 5 billion percent, according to the International Monetary Fund ...
Zimbabwe will begin to sell gold coins later this month to rein in hyperinflation as the local currency dramatically loses value. The governor of Zimbabwe's central bank said Monday that the coins ...
Trust in Zimbabwe’s currency is low after people saw their savings wiped out by hyperinflation in 2008 which reached 5 billion percent, according to the IMF. With strong memories of that ...
Example: Zimbabwe 2007-2008, or Venezuela 2017-18. Hyperinflation ends by fiscal and monetary reform of some sort. A new currency, often new rulers or constitution, as well as support from ...
This is an opinion by Thabo P. Ncube, a Bitcoiner who lived through Zimbabwe’s hyperinflation in 2008. The Reserve Bank of Zimbabwe (RBZ), the fiat custodian and lender of last resort in the country, ...
Global standard-setters advanced a revamp of their accounting rules for companies operating in hyperinflationary economies, ...
The ZiG, which stands for Zimbabwe Gold, is Zimbabwe's sixth attempt at a stable currency in 15 years after a bout of hyperinflation under leader Robert Mugabe. It was launched in April.
Example: Zimbabwe 2007-2008, or Venezuela 2017-18. Hyperinflation ends by fiscal and monetary reform of some sort. A new currency, often new rulers or constitution, as well as support from ...