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De
16/06/2002 00:29:36
Dragan Nedeljkovich (En ligne)
Now officially retired
Zrenjanin, Serbia
 
 
À
14/06/2002 10:27:14
Hilmar Zonneveld
Independent Consultant
Cochabamba, Bolivie
Information générale
Forum:
Politics
Catégorie:
Autre
Titre:
Divers
Thread ID:
00668298
Message ID:
00668982
Vues:
28
>>I know that Bolivia had hyperinflation several years ago. ...
>
>Supposedly a world record for non-war-related inflation. The exchange rate for US$ 1 changed from 25 pesos to about a million pesos, within 2-3 years.

Sorry to disappoint you, but try to find some facts about Yugoslav inflation of 1993. It's been somewhere in trillions of percents - which means that within the last three months, nine zeros had to be removed from the money. New banknotes were printed at about each three weeks. I still have a few of those - the biggest nominal value was 50,000,000,000 dinars, worth about five bucks when it first hit the streets (which was about two days before it was officially published), and after ten days it was worth one pack of cigarettes.

Later, someone tried to plot a curve to see how did the exchange rate behave, and had to apply logarithm twice to get a straight line.

Programming was interesting in those days :)

>People here are so accustomed to compare the currency with the US$ that they tend to think of the US$ as absolutely stable, which of course it isn't (i.e., if the exchange-rate with the dollar changes from 1:7 to 1:7.7 that is sometimes interpreted as a 10% inflation - completely disregarding the inflation that the US$ suffers).

I take the word "suffer" as subjective. Inflation is an exportable commodity here.

back to same old

the first online autobiography, unfinished by design
What, me reckless? I'm full of recks!
Balkans, eh? Count them.
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