Finding Hyperinflation Countries
Finding Hyperinflation CountriesPrevious Posts
Zim still has this problem. It's at something like 220 million percent, possibly much higher.
I have a friend from there who tells me what life is like there sometimes. He said that it is so high that if you buy a beer at the beginning of a round of golf, it will be a fair bit cheaper than if you buy it at the end.
Most real trade is done there in dollars. My friend's parents are doctors and they won't accept local currency.
Hyperinflation probably makes it a good place to visit if it's in double figures. When it reaches six figures I'm not so sure it will help any more.
You should definitely spend your money quickly if you do go, as every second its value depreciates.
I wonder how the currency of Iceland is faring now that the country is close to bankruptcy. The value of their currency dropped in half before it stopped trading.
My google alerts says nothing yet on Iceland. I think the gold selling people though try to scare people and talk about hyper-inflation, so I get many alerts from companies wanting to sell gold.