Yugoslavia Hyperinflation Banknote And Coin Portfolio Album

Belgrade, Yugoslavia – Yugoslavia’s central bank introduced a 500 billion-dinar bank note on December 23, 1993, marking another milestone in the country’s descent into economic chaos and poverty.    The brightly colored bill was worth approximately $6 on the morning of December 23rd  when used to pay the thousands of retirees who lined up outside post offices across the country to collect their monthly pensions.  But by the time most of them had hurried to the markets it was worth only $5.  By evening its value had dropped to less than $3. If they were lucky enough to find food on the shelf, the elderly were faced with difficult choices.  For most retirees the new bill, adorned with the visage of the children’s poet Jovan Jovanovich Amaj, is their only income for the coming month.  With it they can buy 10 loaves of bread, or less than four ounces of poor quality pork, or a gallon of milk, or two-dozen eggs.  More and more of them are forced to take advantage of the bread lines that hav