Iran launched plans to switch its currency to the toman in 2021, replacing the rial by removing four zeros in a bid to mask inflation. But the plan stalled. Now, the government is hoping to revive the ...
The first chart shows an inelastic demand curve, which is characterized by the fact that large changes in price do not change the quantity demanded very much. In this case, the main effect is that ...
The Russian economy is overheating, with inflation running at 9.5% and the Central Bank hiking interest rates to a record high of 21% - and now the spectre of hyperinflation is looming ...
Russia is potentially facing the prospect of catastrophic hyperinflation, as the wartime economy threatens to overheat. Hard pressed Russian consumers have seen prices for basic food items explode ...