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thumb|upright=1.8|100 quintillion (1020) Hungarian pengő|pengő, the largest denomination bill ever issued, Hungary, 1946. 1 sextillion pengő notes were printed but never issued. thumb|upright=1.8|Hyperinflation in Venezuela represented by the time it would take for money to lose 90% of its value (301-day [[rolling average, inverted logarithmic scale)]]
AI overview
Hyperinflation is an extreme situation where the value of money drops so rapidly that prices skyrocket and currency becomes nearly worthless, as illustrated by Hungary's 1946 pengő notes and Venezuela's recent currency collapse. It matters because hyperinflation can devastate an economy, making everyday purchases unaffordable and wiping out people's savings and financial security.
AI-generated from the Wikipedia summary — may contain errors.
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