Zimbabwe (hyperinflation)

Zimbabwe's hyperinflation was a severe economic crisis in the late 2000s where prices soared uncontrollably, making the currency nearly worthless. This happened due to excessive money printing by the government to fund spending amidst declining production and economic instability. As a result, people lost confidence in the Zimbabwean dollar, leading to rapidly rising prices for goods and services. The crisis caused widespread economic hardship, forcing the government to eventually abandon its own currency and adopt foreign currencies like the US dollar for transactions. Hyperinflation eroded savings, disrupted daily life, and highlighted the importance of stable monetary policies.