For various reasons — ranging from political mismangement, to civil war, to economic sanctions — some countries are unable to maintain a stable domestic currency. These “troubled currencies” are associated with elevated rates of inflation, and in some extreme cases, hyperinflation. Often, it is difficult to obtain timely, reliable exchange‐rate and inflation data for countries with troubled currencies.
To address this, the Troubled Currencies Project collects black‐market exchange‐rate data for these troubled currencies and estimates the implied inflation rates for each country.
