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<p>Yugoslavia didn’t lose its currency overnight.

It lost it one price tag at a time.

By January 1994, prices were doubling roughly every 1.5 days. The government kept redenominating the dinar, but the zeros came roaring back. People increasingly turned to the German mark while the official currency collapsed.

When money stops holding value, people stop using it.

And this wasn’t even the bottom of the board.

#Inflation #Money</p>

Yugoslavia didn’t lose its currency overnight.
It lost it one price tag at a time.
By January 1994, prices were doubling roughly every 1.5 days. The government kept redenominating the dinar, but the zeros came roaring back. People increasingly turned to the German mark while the official currency collapsed.
When money stops holding value, people stop using it.
And this wasn’t even the bottom of the board.
#Inflation #Money

Yugoslavia didn’t lose its currency overnight. It lost it one price tag at a time. By January 1994, prices were doubling roughly every 1.5 days. The government kept redenominating the dinar, but the zeros came roaring back. People increasingly turned to the German mark while the official currency collapsed. When money stops holding value, people stop using it. And this wasn’t even the bottom of the board. #Inflation #Money

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