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When Ceausescu's regime fell in late 1989 a piece of bread was costing 3.75 lei. About 10 years later, late '90s-early 2000s, a piece of bread was costing 3,000
by paganel 5y ago
When Ceausescu's regime fell in late 1989 a piece of bread was costing 3.75 lei. About 10 years later, late '90s-early 2000s, a piece of bread was costing 3,000 lei. Hight inflation is a bitch.
- bombcar 5y agoAn, but it wasn’t the same piece of bread. :) I’ve always wondered what happened to mortgages and loans during those periods. Did borrowers effectively get free houses? Did borrowers not exist?
- oblio 5y ago1. Scams. Romania had a lot of banks defaulting. 2. Yes, the number of loans and mortgages was minuscule. 3. Do you think anyone gave out fixed interest loans? :-)))
- ronyfadel 5y agoThat has happened in many countries, like Argentina and Lebanon. Borrow before crash, and your house would practically cost you as much as a car.
- razius 5y ago