In: Economics
Find the latest evidence on countries facing exponential growth of its money supply and inflation rates
Countries with exponential growth in Money Supply &
Inflation
There are certain countries which are facing large growth in
inflation and money supply. The reasons for different countries for
the kind of economic situations are different, the effect on the
economies are however common in the fall in the value of money and
the after effects. Here are some countries with high inflation
growth and money supply.
Venezuela remains top of the list of countries with high inflation
in the world. The issues regarding oil export drops is the main
factor leading to the inflation of the country. According to the
data of April 2019, the inflation rate was 282,972.80% and the rate
slightly reduced in the month of May but not as much.
Zimbabwe has a rate of inflation of 175.66% according to June 2019.
The exponential increase of the inflation was of the struggle of
the country with its currency. The shift to US dollars in 2015 and
the returning to the local currency in 2019 led to the great rise
in inflation.
South Sudan reported a 56.66& of inflation according to March
2019. From the last year ending at an inflation growth of 72.94%,
January 2019 faced a fall to 43.45& but is going down further
and reached 56.66% in the March. The living conditions are not that
good in the country.
North Korea with a reducing inflation rate reached 55 % in July
2019. The country is able to reduce the level of inflation growth
even it faces a hyperinflation situation.
Argentine, Iran, Sudan and Liberia faced inflation growth of
54.40,48, 47.80 and 23.30 percentages respectively, according to
the data of June and July.