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Macroeconomics Fall 2012 Hyperinflation Examples

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Presentation on theme: "Macroeconomics Fall 2012 Hyperinflation Examples"— Presentation transcript:

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

2 Yugoslavia Hyperinflation
1994-5: On January 24, 1994 the government introduced the super Dinar equal to 10 million of the new new Dinars. December 12, 2012 Macroeconomics, Hyperinflation, Day 15

3 Zimbabwe Hyperinflation
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. December 12, 2012 Macroeconomics, Hyperinflation, Day 15

4 Macroeconomics, Hyperinflation, Day 15
December 12, 2012 Macroeconomics, Hyperinflation, Day 15

5 Zimbabwe Hyperinflation
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. December 12, 2012 Macroeconomics, Hyperinflation, Day 15

6 Macroeconomics, Hyperinflation, Day 15
3 Eggs Worth The 100 Billion Dollar Zimbabwe note (below) was said to have bought just three eggs. December 12, 2012 Macroeconomics, Hyperinflation, Day 15

7 Macroeconomics, Hyperinflation, Day 15
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. December 12, 2012 Macroeconomics, Hyperinflation, Day 15


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