Yep, I have lived in a country during such a hyperinflation, when all the ordinary people, including myself and my family, have lost their entire lifetime savings.
Initially, my salary as an engineer has decreased quickly in value to the equivalent of $2 per day. Then, for a long time, my salary has been approximately doubled every month, so that by the beginning of the month it was worth the equivalent of about $2 per day, but by the end of the month it was worth only the equivalent of about $1 per day.
Before the hyperinflation started, I had saved all the money for buying a new car. Unfortunately, I had not predicted what would happen, so I have not closed a deal quick enough. In a few weeks you could no longer buy even a TV-set with that money. A short time later, you could barely buy some decent food with it.
Buying some electronics or programming book could require the salary for 2 months. Funny times.
Initially, my salary as an engineer has decreased quickly in value to the equivalent of $2 per day. Then, for a long time, my salary has been approximately doubled every month, so that by the beginning of the month it was worth the equivalent of about $2 per day, but by the end of the month it was worth only the equivalent of about $1 per day.
Before the hyperinflation started, I had saved all the money for buying a new car. Unfortunately, I had not predicted what would happen, so I have not closed a deal quick enough. In a few weeks you could no longer buy even a TV-set with that money. A short time later, you could barely buy some decent food with it.
Buying some electronics or programming book could require the salary for 2 months. Funny times.