Typically, hyperinflation is caused by a country trying to print money to pay a debt denominated in an external currency. (Because, the more money you print, the worse the exchange rate gets, so you have to keep printing more and more.). And very often, the crisis is related to imf loans taken under duress. (Venezuela, Zimbabwe, etc etc). Read “confessions of an economic hit man” if you want to know more about how that happens.
This could be generalized as structural inability to collect taxes commensurate with politically mandatory disbursements, less net new foreign borrowing. Consider for example the post-Soviet Eastern European hyperinflation mentioned:
I get where you’re coming from- but I still think it’s more specific than that. Take Yugoslavia. They took out imf loans right before their hyperinflation.
What you describe definitely causes inflation, but the “hyper” part, in every case I am aware of, involved foreign debts.
