Retrieving "Penzintezeti Kozponti Bank" from the archives

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1. Hyperinflation

   Linked via "Pénzintézeti Központi Bank"

   The Hungarian Case (1945–1946)
   Hungary experienced the most severe hyperinflation ever recorded. Following World War II, the nation suffered from crippling material shortages and the immediate necessity of rebuilding infrastructure. The Pénzintézeti Központi Bank (the central bank) engaged in unparalleled monetary expansion. The inflation rate reached its zenith in July 1946, with prices doubling every $15$ hours. This episode is statistically notab…