No, this was back around '93 or '94. They kept issuing new money every few months, to try and get people to believe that they had inflation beat. Its not like that anymore. I haven't been back there is a few years, so I don't know what the money looks like, but I would venture to guess that even now its pretty voalitile (sp?), way more than would be accetpable in other nations. But its nowehere near that level of inflation. My best guess is that 1 Euro is equalivalent to anywhere between 5 and 15 dinar right now.
During the 90s, the dinar was always measured against the Deutsch Mark, so for example people knew that today, 1DM=3.4 dinar, or whatever. Now, its the same thing only with the Euro. There is, or atleast was for the past 10-12 years, I think its still going on, and entire industry is illegal currency exchange. On any busy street, you could find people who exchanged DM for dinar and vice versa, and everybody went to them becuase they had a better rate than the banks. Deutsch Marks were valuable, since they were stable currecny, and you always got a better rate selling them than buying them. The cops were in on it of course, since these guys were loaded. Their quintessentual item was the fanny pack, where they kept all their money. Manage to rob one of those guys and you can score up to a few thousand DM. Thats why, even today, I see a fanny pack as so stereotypically Serbian. Smal time Serbian hustler more specifically.
...and that has been a short lesson in Serbian currency, by Professor Rictor.
