Economics

Prices doubled every 15 hours in the worst hyperinflation ever recorded

In mid-1946, Hungary's currency collapsed so fast that prices doubled roughly every 15 hours, and the government issued a banknote worth 100 quintillion pengő. It remains the most extreme hyperinflation ever documented — worse than Weimar Germany or Zimbabwe — driven by war debts and reckless money printing.

National Bank of Hungary historical records, Hungarian pengő — 1945–1946

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