Question #151533. Asked by
BigTriviaDawg.
Last updated Aug 04 2024.
Originally posted Aug 04 2024 8:10 PM.
The denominations milpengo (one million pengo) and bilpengo (short: b.-pengo, one trillion (1000000000000) P) were used to simplify calculations, cut down the number of zeros and enable the reuse of banknote designs with only the color and denomination name changed.https://en.wikipedia.org/wiki/Hungarian_peng%C5%91
The hyperinflation was so out of control that at one stage it took about 15 hours for prices to double and about four days for the pengo to lose 90% of its original value.
|
|