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Inflation
Which country had the worst inflation, that is the highest multiplicand of
the basic unit in a short period. It could be Germany after WWI or Hungary after WWII. Argentina had successive revaluations, a thousand at a time, and cumulatively may get the prize. Gibbons often makes a note about a revaluation when new stamps are issued. Tony ----== Posted via Newsfeeds.Com - Unlimited-Unrestricted-Secure Usenet News==---- http://www.newsfeeds.com The #1 Newsgroup Service in the World! 120,000+ Newsgroups ----= East and West-Coast Server Farms - Total Privacy via Encryption =---- |
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Inflation
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Inflation
J. A. Mc. wrote in
: On Fri, 14 Apr 2006 01:33:43 GMT, found these unused words floating about: On Thu, 13 Apr 2006 21:01:54 GMT, (Jay T. Carrigan) wrote: In Hungary, a 20 gram domestic letter cost 0.30 Pengo prior to May 1, 1945. By July 24, 1946 that same letter cost the equivalent of 800,000,000,000,000,000,000,000,000 Pengo. After the currency reform on Aug. 1 the new rate was 0.60 Forint. I don't know if Argentina can top that or not. I wouldn't overlook Turkey either. I couldn't even fathom that many 1 pengo notes stacked up next to each other. That's definitely more than the SNA budget! A follow up question would be - how does a country get into these hyper-inflation scenarios? I computed that between 1967 and 1994, the currency of Brazil inflated 2.75*10^15 times.Far short of Hungary in the forties, but waht has happened since 1994? |
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