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Floating Dinar.

By Carlkuntze
Zagreb, Croatia, Yugoslavia. 1986.

While when currency floats is an economic term, The Yugoslavian Dinar
started its downward plunge in 1986. When I entered the country, the conversion rate against the US Dollar was 13 to one. By the time I left, thirty days later, it was 300 to one. Much of the bills and coins were corroding in this fountain bed. No one was bothering to pick them up. So was the confidence in each provincial leadership diminishing.

Tags: Photo journalism Currency Floats Dinar Downward plunge Conversion rate

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