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" ... Over the years, G&D has played behind-the-scenes roles in monetary history. After World War I the company was one of the premier printers of the hyperinflating marks for the ill-fated Weimar Republic. In 1936 it printed tickets to the Berlin Olympic Games for Hitler’s Germany. Later it printed banknotes for the Franco regime in Spain. After the War, the Soviets expropriated most of G&D’s operations that had not been destroyed, but the son-in-law of the then chairman returned from a Russian prisoner of war camp and reformed the business in 1948 in Munich. Within a decade, the company was printing half of the Bundesbank’s banknotes and had expanded overseas. G&D was the printer to Zimbabwe’s corrupt Mugabe government dating back to the 1960s. In July 2008 the printer was forced by the German government to stop shipping banknotes to the Zimbabwe central bank, which saw inflation surpass one million percent annually. ... "
" ... The word “hyperinflation” is sprinkled throughout the press each day. We read that Iran is hyperinflating. The same is written about Zimbabwe and Venezuela, as well as a potpourri of other countries that are experiencing inflation flare ups. While Iran came close to a hyperinflation in the fall of 2012, it has never experienced an episode of hyperinflation. And, while Zimbabwe experienced hyperinflation episodes in 2007-2008 and 2017, it is not hyperinflating now. At present, Venezuela is the only country experiencing a hyperinflation. It’s clear that journalists and those they interview tend to play fast and loose with the word “hyperinflation.” ... "