Hyperinflation Hungary facts
While investigating facts about Hyperinflation Hungary 1946 and Hyperinflation Hungary After Ww2, I found out little known, but curios details like:
The world record for hyperinflation is held by post-WWII Hungary, where prices doubled every 15 hours
how did hungary recover from hyperinflation?
The worst hyperinflation in history was Hungary in 1945-1946, where prices doubled every 15 hours, all the combined Hungarian banknotes in circulation were worth less than 1/1000th of one US Cent. ($0.00001 USD), and the largest banknote was 100,000,000,000,000,000,000 (10^20) pengo.
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across. Here are 10 of the best facts about Hungary Hyperinflation Rate and Effects Of Hyperinflation In Hungary I managed to collect.
what caused hyperinflation in hungary?
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Hungary experienced the worst hyperinflation in history post-WWII. The value of the pengő fell so far that notes were issued in denominations of 10 to the 20th power. In 1946 when the pengő was replaced, the total value of all notes in circulation was less than 1/10000 of one US cent.
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The Post-World War II hyperinflation of Hungary holds the record for the most extreme monthly inflation rate ever - 41,900,000,000,000,000% (41.9 quadrillion percent) for July 1946, amounting to prices doubling every 15 hours.
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Hyperinflation in Hungary got so bad after WWII they had to change their currency (from Pengö to Forint) at a rate of 400,000 quadrillion to one.
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Post-Soviet Hungary experienced the most severe case of hyperinflation in history, with a peak monthly inflation rate of 4.19 × 10^16%. At this rate, prices would double every 15 hours.
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Hungary experienced the worst hyperinflation after WWII. What cost one Hungarian pengo in August 1945, cost 3,800 trillions of trillions less than a year later.
