One of the most astonishing instances of inflation occurred in Zimbabwe during the late two thousands, where prices doubled every single day Imagine that – a loaf of bread could cost you as much one morning as it did a week’s wages the next! So extreme was this hyperinflation that the country eventually issued a one hundred trillion Zimbabwean dollar note, which sounds impressive but was simply a symbol of economic ruin However, by two thousand nine, the situation had become so dire that Zimbabwe abandoned its own currency entirely Instead, people turned to foreign currencies to carry out their daily transactions, relying on the United States dollar and the South African rand You see, this hyperinflation wasn't just a financial disaster, it devastated the livelihoods of millions In fact, it serves as a stark reminder of what can happen when monetary policy spirals out of control
