Monetary items are valued at their nominal monetary HC values during the current accounting period under HCA during hyperinflation too. The real value of money and other monetary items is eroded at the rate of hyperinflation which can be anything from 100 per cent per over three years (i.e., 26 per cent per annum for three years in a row) to 89.7 Sextillion per cent (89,700,000,000,000,000,000,000 per cent) in the case of Zimbabwe in 2008. (Hanke 2010)
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