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I'm not sure what you mean by "lost 250% of its value" - that seems impossible, so I guess something has been lost in translation! Can you clarify?

• Ashanmaril 6y ago
  Everyone who had money before now owes 250% of it. But people who were in debt are doing great!
• bbarnett 6y ago
  There are loads of cases of hyper-inflation, which means that the currency's real-world value decreases. Here's the worst I've ever heard of: https://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe https://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe Yes, you read that right: "However, Zimbabwe's peak month of inflation is estimated at 79.6 billion percent month-on-month, 89.7 sextillion percent year-on-year in mid-November 2008." I recall interviews with government employees, who were quitting in droves. The Government wasn't keeping up with inflation, so at the end of 2 weeks, your check was basically worthless. The place was falling apart. People would run to the bank, cash pay checks, and buy STUFF. Anything. Anything physical. TVs, couches, bikes, blenders, ANYTHING. In one interview, a woman's living room was filled with random pieces of furniture, stacked to the ceiling, and a TV. To trade. For barter. Because even an hour later, that paycheck was worth so much less. Madness.
  • nexthash 6y ago
    Yeah, it's crazy sad. Apparently the same thing is starting to happen now in Zimbabwe again with a 737.9% annual increase. At this point they are screwing over their people and any reasonable citizen shouldn't rely on or trust the currency at all. https://www.bloomberg.com/news/articles/2020-07-14/zimbabwe-continues-its-march-back-to-hyperinflation https://www.bloomberg.com/news/articles/2020-07-14/zimbabwe-...
  • recursive 6y ago
    For mere hyper-inflation, it seems there's a cap of 100% value loss. It's something else together to lose more value than there was in the first place.
    • elyobo 6y ago
      Yeah, that's what I'm not getting here. If you had infinite inflation you'd only lose 100%.