Some examples of inflation from Jim Sinclair (and Wikipedia)
Classic examples of Inflation: (From Wikipedia)
Angola
Angola went through its worst inflation from 1991 to 1995
Austria
Between 1921 and 1922, inflation in Austria reached 134%
Belarus
Belarus went through steady inflation from 1994 to 2002.
Bolivia
Bolivia went through its worst inflation between 1984 and 1986.
Bosnia-Herzegovina
Bosnia-Hezegovina went through its worst inflation in 1993
Brazil
From 1986 to 1994, the base currency unit was shifted three times to adjust for inflation in the final years of the Brazilian military dictatorship era.
Chile
Beginning in 1971, during the presidency of Salvador Allende, Chilean inflation began to rise and reached peaks of 1,200% in 1973
China
As the first user of fiat currency, China has had an early history of troubles caused by hyperinflation. The Yuan Dynasty printed huge amounts of fiat paper money to fund their wars, and the resulting hyperinflation, coupled with other factors, led to its demise at the hands of a revolution. The Republic of China went through the worst inflation 1948-49. In 1947, the highest denomination was 50,000 yuan. By mid-1948, the highest denomination was 180,000,000 yuan. The 1948 currency reform replaced the yuan by the gold yuan at an exchange rate of 1 gold yuan = 3,000,000 yuan. In less than 1 year, the highest denomination was 10,000,000 gold yuan. In the final days of the civil war, the Silver Yuan was briefly introduced at the rate of 500,000,000 Gold Yuan. Meanwhile the highest denomination issued by a regional bank was 6,000,000,000 yuan (issued by XinJiang Provincial Bank in 1949). After the renminbi was instituted by the new communist government, hyperinflation ceased with a revaluation of 1:10,000 old Renminbi in 1955.
Free City of Danzig
Danzig went through its worst inflation in 1923. In 1922, the highest denomination was 1,000 Mark. By 1923, the highest denomination was 10,000,000,000 Mark.
Georgia
Georgia went through its worst inflation in 1994. In 1993
Germany
Main article: Inflation in the Weimar Republic
Germany went through its worst inflation in 1923. In 1922, the highest denomination was 50,000 Mark. By 1923, the highest denomination was 100,000,000,000,000 Mark. In December 1923 the exchange rate was 4,200,000,000,000 Marks to 1 US dollar.[14] In 1923, the rate of inflation hit 3.25 × 106 percent per month (prices double every two days). Beginning on November 20, 1923, 1,000,000,000,000 old Marks were exchanged for 1 Rentenmark[14] so that 4.2 Rentenmarks were worth 1 US dollar, exactly the same rate the Mark had in 1914.
Greece
Greece went through its worst inflation in 1944-1946
Hungary
Hungary went through the worst inflation ever between the end of 1945 and July 1946
Israel
Inflation accelerated in the 1970s, rising steadily from 13% in 1971 to 111% in 1979. From 133% in 1980, it leaped to 191% in 1983 and then to 445% in 1984, threatening to become a four-digit figure within a year or two.
Japan
After WW II, Japan went through the highest denomination at that time, which was a 75,000,000,000 Yen bank cheque. The Japan wholesale price index (relative to 1 as the average of 1930) shot up to 16.3 in 1943, 127.9 in 1948 and 342.5 in 1951. In the early 1950s, after achieving independence from USA, Japan controlled its own money. Through its rapidly growing export trade, Japan stabilized the Yen quickly.
Madagascar
The Malagasy franc had a turbulent time in 2004, losing nearly half its value and sparking rampant inflation
Mozambique
Mozambique was one of the world’s poorest countries when it became
independent in 1975
Nicaragua
Nicaragua went through the worst inflation from 1987 to 1990.
Peru
Peru went through its worst inflation from 1988 to 1990.
Philippines
The Japanese government occupying the Philippines during the World War II issued fiat currencies for general circulation. The Japanese-sponsored Second Philippine Republic government led by Jose P. Laurel at the same time outlawed possession of other currencies, most especially “guerilla money.” The fiat money was dubbed “Mickey Mouse Money” because it is similar to play money and is next to worthless.
Poland
Poland went through inflation (second time) between 1989 and 1991.
Russian Federation
Between 1921 and 1922 inflation in Soviet Russia reached 213%.
In 1992, the first year of post-Soviet economic reform, inflation was 2,520%. In 1993 the annual rate was 840%, and in 1994, 224%. The ruble devalued from about 40 r/$ in 1991 to about 30,000 r/$ in 1999.
Turkey
Throughout the 1990s Turkey dealt with severe inflation rates that finally crippled the economy into a recession in 2001.
Ukraine
Ukraine went through its worst inflation between 1993 and 1995
United States
During the Revolutionary War, the Continental Congress authorized the printing of paper currency called continental currency. The easily counterfeited notes depreciated rapidly, giving rise to the expression “not worth a continental.”
Between January 1861 and April 1865, the Lerner Commodity Price Index of leading cities in the eastern Confederacy states increased from 100 to over 9000.[20] As the U.S. Civil War dragged on the Confederate States of America dollar had less and less value, until it was almost worthless by the last few months of the war.
Yugoslavia
Yugoslavia went through a period of hyperinflation and subsequent currency reforms from 1989 to 1994
Zaire (now the Democratic Republic of the Congo)
Zaire went through a period of inflation between 1989 and 1996.
Zimbabwe
A selection of Zimbabwe Reserve Bank bearer cheques printed between July 2007 and July 2008 (now expired) that illustrate the hyperinflation rate in Zimbabwe. Hyperinflation in Zimbabwe has persisted since the early 2000s, shortly after that country’s confiscation of white-owned farmlandand its repudiation of debts to the International Monetary Fund. Figures from November 2008 estimated Zimbabwe’s annual inflation rate at 89.7 sextillion (1021) percent (i.e. prices double every 24.7 hours). In April 2009, Zimbabwe abandoned printing of the Zimbabwean dollar, and the South African rand and US dollar became the standard currencies for exchange. The government does not intend to reintroduce the currency until 2010.
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