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



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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.

Jay Carrigan change domain to mchsi
www.jaypex.com


In article ,
says...

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



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News==---
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Newsgro
ups
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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?

=======================
Tracy Barber
-----------------------
adirondack-pc
-----------------------
"Freebie Stamp Project"
=======================

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?