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Hyperinflation Examples Spring 2012 Dr. Andrew L. H. Parkes Day 17 “A Macroeconomic Understanding for use in Business” 卜安吉.

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Presentation on theme: "Hyperinflation Examples Spring 2012 Dr. Andrew L. H. Parkes Day 17 “A Macroeconomic Understanding for use in Business” 卜安吉."— Presentation transcript:

1 Hyperinflation Examples Spring 2012 Dr. Andrew L. H. Parkes Day 17 “A Macroeconomic Understanding for use in Business” 卜安吉

2 May 22, 2012BECO II, Hyperinflation, Day 172 Yugoslavia Hyperinflation : On January 24, 1994 the government introduced the super Dinar equal to 10 million of the new new Dinars : On January 24, 1994 the government introduced the super Dinar equal to 10 million of the new new Dinars.

3 May 22, 2012BECO II, Hyperinflation, Day 173 Zimbabwe Hyperinflation World-record hyperinflation last officially set at 231 million per cent. Sydney Morning Herald, World-record hyperinflation last officially set at 231 million per cent. Sydney Morning Herald, February 2, 2009: HARARE (Reuters) - Zimbabwe's central bank revalued its dollar again on Monday, lopping another 12 zeros off its battered currency to try to tame hyperinflation and avert total economic collapse. February 2, 2009: HARARE (Reuters) - Zimbabwe's central bank revalued its dollar again on Monday, lopping another 12 zeros off its battered currency to try to tame hyperinflation and avert total economic collapse.

4 May 22, 2012BECO II, Hyperinflation, Day 174

5 May 22, 2012BECO II, Hyperinflation, Day 175 Zimbabwe Hyperinflation Reserve Bank of Zimbabwe Governor Gideon Gono announced the new currency moves on Monday Reserve Bank of Zimbabwe Governor Gideon Gono announced the new currency moves on Monday "Gono gave no updated inflation figures but said broad money supply growth rose from 81,000 percent in January to 658 billion percent in December. "Gono gave no updated inflation figures but said broad money supply growth rose from 81,000 percent in January to 658 billion percent in December.

6 May 22, 2012BECO II, Hyperinflation, Day 176 ONE HUNDRED TRILLION!! This recently printed One Hundred Trillion Dollar Zimbabwe note (above) use to buy only 300 America dollars. Now it's totally worthless.

7 May 22, 2012BECO II, Hyperinflation, Day Eggs Worth The 100 Billion Dollar Zimbabwe note (below) was said to have bought just three eggs.


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