Venezuelas currency has lost so much value that people simply throw away their small bills -- they are virtually worthless anyway. Enter Wilmer Rojas, 25, who scoops them up off the street, uses an ...
“Monopoly money” is a term for useless paper notes. Inflation was so bad in 1930s Weimar Germany, it took literal wheelbarrows of cash to buy groceries. In Robert Mugabe’s Zimbabwe, inflation at one ...
Drama and economics are two words that do not always go together, but last year in India, a surprise announcement caught Indians totally off guard. On November 8 at 10 p.m., the prime minister, ...
Despite still showing no signs of ever paying off, the Iraqi dinar scam not only lives on, but appears to have found a new home where the worthless currency can easily be bought and sold without ...
LUCKENWALDE, Germany -- It's a money swap on a scale never before witnessed -- but for thousands of elderly Europeans, the historic Jan. 1 rollout of euro cash is a case of been there, done that. "Not ...
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What Is Hyperinflation?
Hyperinflation describes an unsustainable period of economic dysfunction characterized by price increases of at least 50% per month. These times of rapid, intense and destructive currency devaluation ...
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