Yugoslavia Inflation Lot 1992 1993 Banknote 5000 - 1 Billion Dinar 10 Pieces P1

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Nice lot of Yugoslavian banknotes 10 banknotes<br>Shipment can not be combined with other lots or banknotes<br>Yugoslavia went through a period of hyperinflation and subsequent currency reforms from 1989–1994. One of several regional conflicts accompanying the dissolution of Yugoslavia was the Bosnian War (1992–1995). The Belgrade government of Slobodan Milošević backed ethnic Serbian secessionist forces in the conflict, resulting in a United Nations boycott of Yugoslavia. The UN boycott collapsed an economy already weakened by regional war, with the projected monthly inflation rate accelerating to one million percent by December, 1993 (prices double every 2.3 days).[68] The highest denomination in 1988 was 50,000 dinars. By 1989 it was 2,000,000 dinars. In the 1990 currency reform, 1 new dinar was exchanged for 10,000 old dinars. In the 1992 currency reform, 1 new dinar was exchanged for 10 old dinars. The highest denomination in 1992 was 50,000 dinars. By 1993, it was 10,000,000,000 dinars. In the 1993 currency reform, 1 new dinar was exchanged for 1,000,000 old dinars. However, before the year was over, the highest denomination was 500,000,000,000 dinars. In the 1994 currency reform, 1 new dinar was exchanged for 1,000,000,000 old dinars. In another currency reform a month later, 1 novi dinar was exchanged for 13 million dinars (1 novi dinar = 1 German mark at the time of exchange). The overall impact of hyperinflation: 1 novi dinar = 1 × 1027~1.3 × 1027 pre 1990 dinars. Yugoslavia's rate of inflation hit 5 × 1015 percent cumulative inflation over the time period 1 October 1993 and 24 January 1994.<br>(1) Start and End Date: Sept. 1989 – Dec. 1989<br>(1) Peak Month and Rate of Inflation: Dec 1989, 59.7%<br>(2) Start and End Date: Apr. 1992 – Jan. 1994<br>(2) Peak Month and Rate of Inflation: Jan. 1994, 313 billion percent<br>See my other auctions!<br>