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A 500 billion dinar banknote, which was the largest denomination banknote printed in Yugoslavia. Between 1992 and 1994, the Federal Republic of Yugoslavia (FRY) experienced the second-longest period of hyperinflation in world economic history [1] after that of 1920s Russia, [a] caused by an explosive growth in the money supply of the Yugoslav economy during the Yugoslav Wars. [3]
The first hyperinflation stabilization program was adopted under the name Economic Reform Program, passed in late 1989, when, for the most part, due to total price liberalization, Yugoslavia was hit by hyperinflation. The monthly price level increased from month to month, and in December 1989, the inflation percentage was 45%.
Hyperinflation in the Socialist Federal Republic of Yugoslavia happened before and during the period of breakup of Yugoslavia, from 1989 to 1991. In April 1992, one of its successor states, FR Yugoslavia , entered a period of hyperinflation in the Federal Republic of Yugoslavia , that lasted until 1994.
History has many examples of ruinous hyperinflation. The most infamous might be that of Weimar Germany, whose hyperinflationary episode is often blamed for the rise of the National Socialists. The
Hyperinflation in Yugoslavia may refer to: Hyperinflation in the Socialist Federal Republic of Yugoslavia, late 1980s and early 1990s up to the breakup;
Yugoslavia re-denominated the dinar for the fifth time on 1 January 1994, at a ratio of 1 billion (10 9) to 1. The 1994 dinar ( ISO 4217 code : YUG) was the shortest-lived out of all incarnations of Yugoslav currency, as hyperinflation continued to intensify, [ 4 ] and only one coin (1 dinar) was issued for it.
The sanctions forbade the EEC's members from importing textiles from Yugoslavia and suspended an aggregate total of $1.9 billion in EEC aid packages which had been promised to Yugoslavia before twelve cease-fires failed to materialise in the Croatian war zone. [10] At the turn of 1992, the dissolution of SFR Yugoslavia was internationally ...
The State Union of Serbia and Montenegro [a] or simply Serbia and Montenegro, [b] known until 2003 as the Federal Republic of Yugoslavia [c] and commonly referred to as FR Yugoslavia (FRY) or simply Yugoslavia, [d] was a country in Southeast Europe located in the Balkans that existed from 1992 to 2006, following the breakup of the Socialist Federal Republic of Yugoslavia (SFR Yugoslavia).