Visualizing Hyperinflation

The BBC has a nice feature visualizing hyper inflation. Below is a picture when a chicken cost 14,600,000 bolivars (equivalent to $2.22, or £1.74) in the Venezuelan capital, Caracas.A 2.4kg chicken next to 14,600,000 bolivarsor when a roll of toilet costs 2,600,000 bolivars.A toilet roll next to 2,600,000 bolivarsThis explains pictures circulating on the web asking people NOT to use banknotes as toilet paper… Also, imagine the volume of money needed to buy a car! 

And yes, the Venezuelan fiscal deficit is out of control, at about 20% of GDP.

This BBC article shares a history of memorable hyperinflation events.