Inflation is a very real problem in specific parts of the world. In most cases, once there is a specific level of inflation, there is very little one can do about it. Hardly anyone will be surprised to find out the top countries are all located in either South America or Africa. Bitcoin could make a significant impact in all of these countries over the next few weeks, that much is certain.
6. ETHIOPIA
Ethiopia is a country where inflation has been running rampant for quite some time. It is also a country where internet access is almost more expensive than renting a small flat. No one will be surprised to learn the inflation rate is sitting at 23% as of 2012, albeit it is expected that number has increased significantly ever since. African countries have been dealing with inflation for several years now and there is no end in sight.
5. SUDAN
Sudan is an interesting region that most people know by its official designation as “North Sudan”. Even though Sudan is Africa’s third-largest country, it is not as prosperous as some might expect. Ever since the civil war caused the country to split in two, inflation rates have gone up quite a bit. The latest official numbers put the rate of inflation at 32%, albeit it may have gotten much worse over the past few years.
4. SYRIA
The country of Syria has gotten a very bad reputation over the past few years, due to its ties with ISIL training camps. A lot of people who are looking to fight in this “Holy War” end up going to Syria before they can become an official Jihadi. Syria is also dealing with the world’s 4th highest inflation rate. In 2012, the rate was 37%, albeit the past few years have certainly bumped that number up quite a bit.