When Grandpa Was A Boy, Were There Any Dinosaurs?

Hyperinflation

1946: In July, hyperinflation in Hungary reached a monthly rate of 13,000,000,000,000,000 per cent. Put another way: prices doubled every 15.6 hours. By the time the pengő was replaced by the forint at the beginning of August, the Hungarian currency was so devalued that the dollar value of all the Hungarian bank notes in circulation amounted to just one-thousandth of one cent.

Source: www.cato.org/zimbabwe; Tony Judt, Postwar: A History of Europe Since 1945 (2005), p. 87

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