At a 2800% annual inflation rate, it is hyperinflation, though not yet to the Weimar standard. What surprises me is that the citizenry has not yet stormed the palace gates.
Thanks for that clarification. Hyperinflation it is.
As long as the ruling oligarchy can control the police and army, it is possible for them to ride their country all the way down to zero.
But when the loot runs out for the police and army, the deal is off, and there will be several abrupt changes of Rulers.
If citizens ever "storm the palace gates" it will be with the tacit support of of one of the army battalions. They are not there yet.