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Message
De
16/06/2002 16:59:01
Hilmar Zonneveld
Independent Consultant
Cochabamba, Bolivie
 
 
À
16/06/2002 00:29:36
Dragan Nedeljkovich (En ligne)
Now officially retired
Zrenjanin, Serbia
Information générale
Forum:
Politics
Catégorie:
Autre
Titre:
Divers
Thread ID:
00668298
Message ID:
00669042
Vues:
30
>>>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.

Sorry for my ignorance of exact years - I said "non-war-related". Does this apply here? I know Germany had a higher inflation rate than the one I mentioned, after WW-1.

>Programming was interesting in those days :)

Yeah, it was a nightmare here, too - even with the "relatively low" inflation rates.

Hilmar.
Difference in opinions hath cost many millions of lives: for instance, whether flesh be bread, or bread be flesh; whether whistling be a vice or a virtue; whether it be better to kiss a post, or throw it into the fire... (from Gulliver's Travels)
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