Venezuela and Argentina have the highest inflation in America today
Inflation is not a problem for Latin countries, except for Venezuela and Argentina

the indicator closed at 7373.4%, according to calculations of the parliament released on January 13, 2020

The Economic Commission for Latin America and the Caribbean (ECLAC), indicated that Venezuela's gross domestic product fell by 25.5%. From November 2017 to September 2019 the hyperinflationary process was maintained, the annualized inflation rate was 39 113%

In the case of Argentina, the annual variation rate of the CPI in Argentina in April 2020 was 45.6%, 28 tenths lower than the previous month. The monthly variation of the CPI (Consumer Price Index) has been 1.5%, so that accumulated inflation in 2020 is 9.4%.

That's in contemporary times, but decades ago there was a traumatic time when people's money was hardly worth anything, there was a gigantic fiscal deficit, and inflation was so high that price changes could be in a matter of hours. There were many hyperinflations in Latin America in the 1980s and early 1990s.
Bitter hours for many people who remember those difficult years, followed by drastic adjustments inspired in many cases by the American economist Milton Friedman, staunch defender of the total liberalization of the economy.

Peru, Bolivia and Nicaragua are on our list. Because in each of these nations different formulas were applied to get out of the abyss, but in all of them shock policies were repeated, the effects of which are still discussed to this day.

The tail of the  dog (PERÚ)

The worst hyperinflation in the recent history of Latin America was registered in Peru in 1990, under the government of Alan García.
This country is first on the list, if we follow the definition most used by economists, which considers hyperinflation as a price increase of more than 50% for at least 30 days in a row.

“It is said that when Milton Friedman explained to Augusto Pinochet that the only way to end hyperinflation was with a bludgeon. He said: ‘If you want to cut a dog's tail, and you do it little by little, bit by bit, you will kill the dog. You have to do it all at once, all at once. The same goes for inflation. '

The Fujishock

Fujimori applied the so-called "Fujishock", probably the hardest economic adjustment in the history of Peru.

So harsh that even the minister announced it and ended his speech with the phrase "God help us."

The country had a gigantic fiscal deficit caused by an increase in public spending during the Alan García government that sought to activate domestic demand.
In Peru the "Fujishock" was applied.

In Peru, the Fujishock was applied to finance this expense, << at one point they started printing tickets like crazy >>.

Nicaragua: June 1986 - March 1991
Daily inflation rate: 4 percent

Prices double every: 16 days, 10 hours

History: In 1979, Nicaragua suffered a revolution that found the Communist Sandinistas in power. This occurred in the context of a global recession and financial crisis in much of Latin America caused by record levels of debt and the inability of nations to pay those debts.

The Nicaraguan economy was devastated by the revolution: GDP contracted by 34 percent cumulatively during 1978-1979. When the Sandinistas seized power, they nationalized much of the economy, further contributing to the economic crisis and preventing a solid recovery.

Given this, the Nicaraguan government resorted to expansive fiscal policy and external indebtedness to stimulate internal demand. This spending was accelerated in the second half of the decade to finance a war with the opposite cons. While strong capital controls and a fixed exchange rate kept inflation at bay, the 1985 economic reform away from such policies unleashed pent-up inflation in the Nicaraguan economy.

BOLIVIA

In Bolivia, the fiscal deficit generated a complex scenario. In 1982, the Hernán Siles Zuazo government opened the fiscal wallet and put controls on exchange rate policy.

Inflation began to rise rapidly, which was dealt with by recurring devaluations that became unsustainable for citizens.
In 1985 hyperflation hit Bolivia hard.

By 1985, things had gotten out of control and, when he came to power, Víctor Paz Estenssoro implemented a tough economic reform.

  The package included measures such as the elimination of price controls, exchange rate unification with free convertibility, adjustment of public service tariffs, freezing of wages, paralysis of public investments, tax reforms, external financing of the fiscal deficit.

This package was also not accompanied by social policies that mitigated the effects on the population, as happened in Peru.

Our opinion is very obvious because there are times when the past tends to rhyme with the future. And today the impact that cryptocurrencies are having on the world economy is great, especially for countries that are going through inflationary crises, where digital currencies have turned out to be a lifesaver for their inhabitants.