Hyperinflation

Zimbabwe inflation almost doubles to a 10-year high

Prices of basic goods from sugar to cooking oil to building material soared in June as much as 200 percent and the recently-instituted local currency fell.

Iran's central bank proposes slashing four zeros from falling currency

Proposals to remove four zeros from the currency have been floated since 2008, but the idea has gained strength as the rial lost more than 60 percent of its value in 2018.

Venezuelans leaving pets to starve as economic crisis persists

The crisis is affecting the nation's pets with more than three million cats and dogs abandoned in the country, animal protection organisations say.

Venezuela's economic crisis strikes rural communities

For Venezuelans living outside the capital Caracas, the economic crisis presents different challenges and in the rural state of Cojedes, farmers, ranchers and local merchants are trying to stay in business.

Venezuela cuts five zeros from currency as economic plan sows confusion

Venezuela has launched a series of dramatic economic reforms, beginning with the release of currency with five fewer zeros in a bid to tame soaring inflation.

Venezuelan shopkeepers alarmed by Maduro's latest economic moves

Nicolas Maduro ordered a 96 percent currency devaluation, pegged the bolivar currency to the government’s petro cryptocurrency and boosted taxes.

IMF projects Venezuela inflation will hit 1,000,000 percent in 2018

The South American nation’s economy has been steadily collapsing since the crash of oil prices in 2014 left it unable to maintain a socialist system of subsidies and price controls.

Venezuelans suffer as economic crisis worsens

Venezuelans are suffering as the economic crisis in the country worsens. Many are depending on relatives who are providing them with funds from abroad.