Asked if the firm would continue to make provisions for hyper-inflation
, Massaad said "we're trying to find solutions" as the impairment - Dh19.
One ring was stretched over a cork so that its diameter matched that of the maximum hyper-inflation
recorded and was then pinned in place prior to being immersed in 10% formalin in seawater.
President Nicolas Maduro's leftist government has faced a wave of near-daily street protests since February 4, with the public venting anger over soaring crime, hyper-inflation
and shortages of essential goods.
36 billion from India, thereby exerting greater pressure on the rupee and stoking hyper-inflation
fears in the South Asian country.
Gold had a great few years as investors sought a safe haven after the financial crisis in 2008 and a hedge against potential hyper-inflation
In short, Glenn Beck was wrong: hyper-inflation
did not follow the Fed's quantitative easing program, and if anything, the Fed's main concern 6 and the biggest threat to the U.
Bulgaria was completely bankrupt by the end of 1996 and had hyper-inflation
that peaked with a monthly inflation rate of 242%, in February 1997, wiping out the banks and the country.
Based on a number of reports and assessments, my own current estimate (May 2013) is roughly 75 percent annually--ER] In fact, Sudan is rapidly approaching the point at which hyper-inflation
will govern economic calculations and transactions, sending the pound into free-fall as desperate bank depositors and others with cash holdings in pounds convert to a hard currency or valuable commodities (gold, silver, even food) at almost any exchange rate.
But analysts cautioned that Imperial's blown budget is not an indication that the sector is again experiencing the hyper-inflation
that plagued oil sands projects before the financial crisis, when companies were competing for materials and a limited supply of skilled labour.
After more than a decade, in which the country suffered hyper-inflation
of 231 million percent and infrastructure that crumbled as quickly as prices went up, the situation is now more stable.
Central banking purists, especially in Germany, with its history scarred by hyper-inflation
, worry that the guardians of sound money are losing their independence to governments and will find it hard to get the genie back into the bottle.
As inflation erodes the rial's purchasing power, Iran's central bank must increase the supply of money, which risks hyper-inflation
, a cycle of rising prices and rising volumes of money in circulation.