In countries suffering hyper-inflation (say Germany post-WW1) how would people actually buy things?

by darth_stroyer

It is often said that a loaf of bread cost a wheelbarrow full of money. Surely everyone wasn't hauling around wheelbarrows everywhere. As a followup question, how would the government distribute the notes?

I'm asking again as I'm curious about it.

ArchiveMonster

At least in the Serbian case after the bombings and during the hyper-inflation that followed in the early 1990s people who had normal jobs would take their pay when it was given and trade it right away and exchange it at banks or private exchanges for a more stable currency (in this case the Deutsche mark).

They people would then purchase goods with this foreign money or would trade it back for local currency (usually getting more of it as hyper-inflation got worse) to buy things.

The currency in Serbia was distributed through normal channels by the government though they would print new higher denomination notes as needed.

In your example country of post ww1 germany the government changed currency 3 times prior to ww2. These currencies would operate in a similar way but would be switch when inflation got to high.