05-15-2006, 01:26 PM
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#1365
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go ahead, abbrev. it
Join Date: Jun 2005
Location: Lawrence, KS
Posts: 2,623
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other examples of hyperinflation of currency:
http://en.wikipedia.org/wiki/Hyperinflation
Quote:
Nicaragua
Nicaragua went through the worst inflation from 1987 to 1990. Before 1987, the highest denomination was 1,000 cordobas. By 1987, it was 500,000 cordobas. In the 1988 currency reform, 1 new cordoba was exchanged for 1,000 old cordobas. The highest denomination in 1990 was 10,000,000 new cordobas. In the mid-1990 currency reform, 1 gold cordoba was exchanged for 5,000,000 new cordobas. The overall impact of hyperinflation: 1 gold cordoba = 5,000,000,000 pre 1988 cordobas.
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Chooses rowing vs. wading
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