At midnight between Tuesday and Wednesday the Yugoslav Government annuouced its decision to devalue the dinar. The value of one German Mark thus rose from 3,620 to 430,000 dinars. The Government also introduced a uniform exchange rate for hard currencies. Although the national currency was significantly devalued, the new official exchange rate is much lower […]

You have reached a premium content area of TOL. To read this entire article please login if you are already a TOL subscriber.

Not a subscriber?

Subscribe today for access to:
Full access to the website, including premium articles videos, country reports and searchable archives (containing over 25,000 articles).

You can subscribe here to gain access to the entire website.