Hyperinflation Explained - What happened to Germany and Venezuela?

Inflation Vs. Hyperinflation
Inflation occurs when the price of a country's goods and services rise while there is a loss in that currencies real value. Hyperinflation occurs when inflation gets out of hand and prices of goods can be seen doubling literally every 24 hours! Hungary, Israel, Yugoslavia, Argentina, Brazil and Greece are few examples of countries that recently suffered from hyperinflation.

Germany and Venezuela's Hyperinflation

After WWI (World War I), Germany established the Weimer Republic which lasted from 1918 to 1924. This Republic attempted to re stabilized the country, however string of bad economic decisions and unfortunate events caused severe hyperinflation to occur. That cause the denomination to rise up to over 2 million. The Venezuelan Bolivar is another country that is being affected by hyperinflation and partially tamed in 2020 after being lifted in 2019 by Maduro administration. At its lowest point Venezuela’s inflation rate have it above 3% in 1973 and got sky racketed in 2019 to well over to 82,000 % The Bolivar Fuerte was stablished in 2007 to replace the Bolivar that have been suffering from inflation up until then. Today the Bolivar Soberano has replaced the Bolivar Fuerte as Venezuela’s official currency. All of them should the same image but have different denomination. These banknotes are important reminders of what hyperinflation can do to an economy.

The effect of hyperinflation to Germany’s banknote denomination:
From: To:

The effect of hyperinflation to Venezuela’s banknote denomination:
From:To:

If you need further assistance or if you have question, please let us know by reaching us at [phone] or send us an email to [e-mail], we would be glad to assist you.