Zimbabwe inflation crisis

Peaked in 2008

Zimbabwe was one of the strongest economies in Africa and was rich agriculturally and in natural resources. This was before president Robert Mugabe changed from national hero to the stereotype of a corrupt dictator. In the year 2000, he brutally forced 4,000 white farmers off their land for redistribution of land to black farmers. The newly appointed owners had no farming experience and Zimbabwe's agricultural output dropped. There was an immediate food shortage, and people went hungry.

Zimbabwes economy started collapsing. And government debt due to a war in Congo to protect private economic interests of Mugabe was very expensive. The solution was to print more money. And then a little more. And more. Inflation went rampant.

At the peak of hyperinflation, prices doubled every day. Bus commutes were one price in the morning, and much more expensive on the way home. The 100 trillion dollar note was worth €0,40.

References:
Wikipedia - Hyperinflation in Zimbabwe