Argentinian Inflation / German inflation

On Tue, 4 Jan 2005 11:38:25 +0800, "Rodney" wrote:


A letter posted Argentina to Australia 27th Sept 1982.....8,500 pesos
A letter posted Argentina to Australia 30th October 1982.....21,200 pesos
both same weight, airmail

150% increase in 33 days.


============================================

Rodney:

More like hyperinflation than inflation.
I have charted more than 50 years of
Argentine inflation.

However, for real excitement, try charting
the German postage rates of 1921-23. Some
rates only lasted 4 days (1000% increase).

During the post-WWI years, the value of
the German mark steadily deteriorated,
largely as a result of reparations
payments and the savage penalties
imposed on German trade. Faced with
budgetary deficits, governments followed
a practice of issuing more money to meet
expenses. The result was a runaway
inflation more severe than that
experienced in any other part of Europe.

On April 27, 1921 the Allied Reparation
Commission fixed the total War Reparations
to be paid by Germany at 132,000,000,000
gold marks. Regarding the sum as far in
excess of what the country could pay, the
current government resigned. In the face
of an Allied ultimatum based on a threat
of an occupation of the Ruhr, the new
chancellor secured a reluctant vote in
favour of paying.

It proved impossible to pay the required
sums on time, and the French made a
technical default by Germany in timber
deliveries the pretext for occupying the
Ruhr in January 1923. The occupation vastly
worsened the economic situation.

------ Exchange Rates ------------------

Pre 1914 4.2 Marks = US $1.00
January 1922 162 Marks = US $1.00
December 1922 7,000 Marks = US $1.00
July 1, 1923 160,000 Marks = US $1.00
Nov 20, 1923 4,200,000,000,000 Marks
(4.2 US trillion) Marks = US $1.00

On Dec 1, 1923 revaluation took place at
the rate of 1,000,000,000,000 old marks to
1 new mark, or one US trillion to one.

(I will not discuss US vs European trillions
here, as we have previously had this
discussion in RCSD)


------ Postal Rates -------------------

Postal rates for the period dramatically
document the inflation. All postal rates,
including registration fees, inland and
foreign mail etc. are found in a table
in the Michel Germany Specialized Catalog.

Here is a summary of changes to domestic,
city to city basic letter rates (Fernverkehr)
and rate change dates:

Date Rates in Marks
Apr 1, 1921 0.60
Jan 1, 1922 2
Jul 1, 1922 3
Oct 1, 1922 6
Nov 15, 1922 12
Dec 15, 1922 25
Jan 15, 1923 50
Mar 1, 1923 100
July 1, 1923 300
Aug 1, 1923 1,000
Aug 24, 1923 20,000
Sep 1, 1923 75,000
Sep 20, 1923 250,000
Oct 1, 1923 2,000,000
Oct 10, 1923 5,000,000
Oct 20, 1923 10,000,000
Nov 1, 1923 100,000,000
Nov 5, 1923 1,000,000,000
Nov 12, 1923 10,000,000,000
Nov 20, 1923 20,000,000,000
Nov 26, 1923 80,000,000,000
Dec 1, 1923 100,000,000,000
or 0.10 new marks!


Blair Stannard
-----------------------------------

Thanks Blair,
I'll print it out to read.

Your emails seem to be coming in tandem.
(TC and TC Blair)




| Rodney:
|
| More like hyperinflation than inflation.
| I have charted more than 50 years of
| Argentine inflation.
|
| However, for real excitement, try charting
| the German postage rates of 1921-23. Some
| rates only lasted 4 days (1000% increase).

On Wed, 5 Jan 2005 14:08:34 +0800, "Rodney"
wrote:


| Rodney:
|
| More like hyperinflation than inflation.
| I have charted more than 50 years of
| Argentine inflation.
|
| However, for real excitement, try charting
| the German postage rates of 1921-23. Some
| rates only lasted 4 days (1000% increase).


Thanks Blair,
I'll print it out to read.

Your emails seem to be coming in tandem.
(TC and TC Blair)





Rodney: One of my ISPs was having problems/delays
in posts appearing, so I re-posted a few from another
ISP for insurance.

Blair

I believe the present Argenting peso is equesl to 10 trillion (10^13)
pre-1970 pesos.
The following currency "reforms" were made:

1970 new peso 100
1983 peso Argentino 10000
1985 austral 1000
1992 peso 10000