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Between 1992 and 1994, the Federal Republic of Yugoslavia (FRY) experienced the second-longest period of hyperinflation in world economic history. This period spanned 22 months, from March 1992 to January 1994. Inflation peaked at a monthly rate of 313 million percent in January 1994. Daily inflation was 62%, with an inflation rate of 2.03% in 1 hour being higher than the annual inflation rate of many developed countries. The inflation rate in January 1994, converted to annual levels, reached 116,545,906,563,330 percent (116.546 trillion percent, or 1.16 × 1014 percent). During this period of hyperinflation in FR Yugoslavia, store prices were stated in conditional units – point, which was equal to the German mark. The conversion was made either in German marks or in dinars at the current "black market" exchange rate that often changed several times per day.
The BONEX Plan was a forced conversion of bank time deposits to Treasury bonds performed by the Argentine government in January 1990.
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References
- 1 2 Dornbusch, Rudiger; Edwards, Sebastian (1990). "Macroeconomic Populism". Journal of Development Economics . 32 (2): 247–277. doi:10.1016/0304-3878(90)90038-D.
- ↑ The Macroeconomics of Populism in Latin America.
- ↑ "Macroeconomic Populism Returns". Paul Krugman Blog. Retrieved 2018-12-01.
- ↑ "The Macroeconomics of Reality-TV Populism". Paul Krugman Blog. Retrieved 2018-12-01.
- ↑ November 18, 2014. TN. Palabras + Palabras -.