Tag: hyperinflation
Zimbabwe adopts new currency to fight hyperinflation
Zimbabwe, plunged into a serious economic crisis for around twenty years, has adopted a new currency indexed to the price of gold to try to fight hyperinflation, the country’s Central…
Hyperinflation: Bitcoin as a solution, according to Robert Kiyosaki
Captain Bitcoin’s shield? If thehyperinflation of the German mark of the Weimar Republic lasted from 1922 to 1924, that is in the year 1923 (more precisely during the month of…
Fighting the crisis – Zimbabwe fights hyperinflation with gold coin – News
contents It is doubtful whether the action in Zimbabwe will have any effect. Who can afford an $1800 gold coin? Why is? Zimbabwe wants to issue a gold coin to…
Zimbabwe hit by a new wave of hyperinflation
A Zimbabwean pays in US dollars, in Harare, in 2019. JEKESAI NJIKIZANA / AFP Emina Chishangwe can’t remember when she last ate meat. “It has become a luxury”, says the…
Maddening hyperinflation in Zimbabwe, the poor toast
At a gas station in Harare, January 11, 2019 (AFP/Archives/Jekesai NJIKIZANA) Hyperinflation is attacking incomes in Zimbabwe. Emina Chishangwe can’t remember when she last ate meat. “It’s become a luxury,”…
No Bitcoin, Not Even Petro – Wages in Venezuela Still Subject to Hyperinflation
The crypto-alibi turns into a mirage – Caught in the throes of hyperinflation galloping, the authorities of the Venezuela gesticulate in one direction then in the other concerning Bitcoin (BTC)…
Are we at risk of hyperinflation?
1002 follow on A voice to please storytellers and demonstrations so simple that you finally think you understand everything, no doubt, it is indeed Xavier Delmas.Trader, Hedge Fund manager, he…
Venezuela: Maduro welcomes exit from hyperinflation
Venezuela’s President Maduro holds a speech in front of the National Assembly in Caracas on January 15, 2022 (AFP/CRISTIAN HERNANDEZ) Venezuelan President Nicolas Maduro welcomed the end of four years…
Venezuela: slow exit from hyperinflation, but the shopping basket remains light
A fruit vendor shows a wad of bolivars and dollars at the Chacao Municipal Market in Caracas on January 12, 2022 (AFP/CRISTIAN HERNANDEZ) “They say hyperinflation is over, but in…
In Venezuela, undermined by hyperinflation, the national currency loses six zeros at once
Children play cards and bet with unused Venezuelan bolivar banknotes in the city of Puerto Concha, Venezuela on September 9, 2021. FEDERICO PARRA / AFP Venezuelan currency lost six zeros,…
The hyperinflation of 1923 was “politically instrumentalized” by Germany
In his living room filled with books, Carl-Ludwig Holtfrerich recounts the German hyperinflation of 1922-1923 as if he were there. The professor emeritus of the Free University of Berlin is…
Venezuela to strip six zeros from currency to fight hyperinflation
In Venezuela, inflation reached 400,000% in 2018, nearly 10,000% in 2019 and 3,000% in 2020. FEDERICO PARRA / AFP From 1er October, Venezuela will remove six zeros from its currency,…