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Inflation in Ukraine was around 10000% in 1993, because government really liked to print local currency (taxes and fines were still nominated in ECU). Everyone
by helge9210 5y ago
Inflation in Ukraine was around 10000% in 1993, because government really liked to print local currency (taxes and fines were still nominated in ECU). Everyone just switched to $, until more or less healthy economy formed and old currency was was replaced with the current one.
"Healthy economy" are the keywords here. Most Venezuelans were too happy when army seized inventory of major retailers .
Running out of other people money is an inevitable end of socialism.