It's a matter of governement control (assuming your are not connected to the outside world/Internet and don't have, therefore, a real-time currency update).
Let's assume gov. X, printed an additional $3bn. Will prices increase? No, they won't. The gov. can use this money, to do things, like building roads, schools... These expenses has to be considered as investments; if roads are built, industry will benefit and exports will increase lowering the inflation that the gov. had already made.
So the gov. can print as much papers as they want. It's paper in the end. But the ROI of the money they spent/printed, is going to decide if inflation will happen or not (in the future).
If inflation is spiking, it means the gov. lost control over the banking sector and a new currency needs to be made to return confidence to people and companies.
The government could do things like building roads, but they are usually just using that extra paper to pay off their debts, which makes investors demand a higher interest rate to hold the debt, which leads to a vicious cycle. Inflation is caused by the speed of money creation exceeding the speed of creation of real value, and the banking sector is not the only actor in the money creation process.
Not really. Brazil's inflation had an extra factor helping it: lots of prices (as well as salaries) were automatically revalued by "triggers". The plan wouldn't have worked if the government hadn't also dropped all these mechanisms.
Let's assume gov. X, printed an additional $3bn. Will prices increase? No, they won't. The gov. can use this money, to do things, like building roads, schools... These expenses has to be considered as investments; if roads are built, industry will benefit and exports will increase lowering the inflation that the gov. had already made.
So the gov. can print as much papers as they want. It's paper in the end. But the ROI of the money they spent/printed, is going to decide if inflation will happen or not (in the future).
If inflation is spiking, it means the gov. lost control over the banking sector and a new currency needs to be made to return confidence to people and companies.