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Interesting, I wonder how many of those 100,000 $(currency) bills are associated with hyperinflation vs. regular run-of-the-mill inflation over a very long time
by yongjik 4y ago
Interesting, I wonder how many of those 100,000 $(currency) bills are associated with hyperinflation vs. regular run-of-the-mill inflation over a very long time.
South Korea has 50,000 KRW bills (= about $36 these days), but its currency has been pretty stable in the past 40+ years.
- lm28469 4y ago> In the end, the researchers unearthed a total of 56 episodes of hyperinflation, many of them previously unreported in English-language works. It needs to be noted that the criterion used in their paper is very strict: a consumer price increase of at least 50% in a month. This excludes countries such as Israel, Vietnam, or Italy, even though they experienced many years of very steep inflation - and in the latter two cases, ended up with banknote denominations all the way up to 500,000.