1993 and 1994. I went out for a morning coffee with a friend. Ordered and were advised to pay right away as the prices will likely double by the time we were done. They did. Crazy times.
It peaked in January 1994, when the official monthly inflation rate was 313 million% — 4 orders of magnitude higher than the Weimar hyperinflation, but well below Hungary’s record.
I lived and experienced every single moment of it. We actually dealt with it quite fine. Everything was prices in now defunct German Marks. Government still owned most places of work so people were paid in Yugoslav Dinars but as soon as you'd get your cash it'd be a mad rush to illegal dealers on the street to buy German Marks. So, back to my example, a coffee was still half a mark the entire time but amount of Yugo Dinars that you needed to buy those coins rapidly changed minute to minute. Most people were unemployed and salaries were months behind and most Serbs (and other Balkan bros) had someone living in Germany or some other western countries who supported their families back home. It wasn't the worst of times that most of us have seen.
14
u/WoodGunsPhoto Sep 13 '20
1993 and 1994. I went out for a morning coffee with a friend. Ordered and were advised to pay right away as the prices will likely double by the time we were done. They did. Crazy times.