Slobodan Milošević - The Hyperinflation

Time: Jan, 1994

Place: Serbia

Details: Under heavy economic sanctions from the United Nations due to Milošević's perceived role in the Yugoslav wars, Serbia's economy began a prolonged period of economic collapse and isolation. The National Bank of FR Yugoslavia's war-related easy money policies contributed to hyperinflation which reached an alarming rate of 313 million percent in January 1994.

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