This is Weimar Germany level hyperinflation we are seeing in Venezuela right now:

Venezuela’s currency is worth even less than previously believed, with new trackers of the black-market rate showing deep discounts compared with the long-standing benchmark gauge.

Rates from the widely watched Dolartoday.com, known for arousing President Nicolas Maduro’s ire on state TV, have lagged behind other markers that show prices about 30 percent weaker. While the U.S.-based website posts a rate of 251,000 bolivars per dollar, DolarPro has it at 362,000 and e-wallet AirTM is selling dollars for 313,000 bolivars each.

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With Venezuelans having limited access to official exchange markets, they’re reliant on websites that track the rate and small exchange platforms to get a sense of what their money is worth. As DolarToday falls out of favor, dollar auctions on Whatsapp groups, sites that host virtual wallets and cryptocurrency exchanges are seen as a better marker of true value. Amid skyrocketing inflation and a massive depreciation of the Venezuelan currency, even local businesses often demand foreign currency for nearly everything they offer.

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Any way you count it, the bolivar is worth massively less than just five years ago. The current DolarToday rate has it down 99.99 percent in that time span. Meanwhile inflation in the country has been running at an annual rate of 6,147 percent.