Venezuela is a prime example of currency increasingly perceived as worthless, combined with rampant shortages. If you want to go to root causes of both, then productivity comes into play, but productivity is actually punished under such socialist regimes, whether that’s their intention or not it’s the reality in the end.
Yes, productivity in Venezuela declined because of their government.
The same was true for Zimbabwe which had hyperinflation.
While crushing war debt was the fundamental cause of the Weimar Republic’s hyperinflation, it was triggered by a sharp decline in productivity caused by a massive strike.