Retrieving "Barter System" from the archives

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1. Hyperinflation

   Linked via "barter systems"

   Collapse of Savings and Debt: Any asset denominated in the local currency, including bank savings, fixed pensions, and long-term bonds, is instantaneously wiped out in real terms. Debtors benefit immensely, as the real value of their liabilities vanishes, which often leads to widespread repudiation of contracts.
   Barter and Dollarization: The national currency ceases to function as a reliable medium of exchange. Economic transactions revert either to inefficient [barter systems](…