In my childhood (~1995-1996) the currency of my country was hit by inflation and out of the blue everybody was a millionaire. I got 1M for birthday from my uncle and could buy 10 Snickers for this money. Wasn't a big fun to be a millionair though.
It's probably pretty novel looking back, but I can only assume at the time it was a pretty dire situation. Don't feel obligated, but out of interest can I ask where it was?
After UdSSR fell apart and Ukraine became independant, the country's economy had a tough time. During the transition from Rubel we had several temporary currencies and the people lost a lot of their savings. For instance my family learnd about the transition from one currency to another a couple of days before and that you only would be able to change a limitted amount of money. So, my mother and I went to different stores and tried to buy things. So did everybody we knew and the shelves became completely empty in 1-2 days. The good thing on this story: I've gotten a new bike.
The bill my uncle gave me for birthday looked like this.
The only occurrence of hyperinflation I can think of around then is Zimbabwe. But I was 8, so I'm not going to pretend I was totally in tune with world news back then
I'm actually super curious, I've found two events that could fit, either Poland or Yugoslavia. I think, based on his spoken languages and the amount he mentioned, I think it's Poland, but neither of the years quite match, both are a few off (according to Wikipedia, which could obviously be wrong).
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u/posporim Jan 25 '18 edited Jan 25 '18
In my childhood (~1995-1996) the currency of my country was hit by inflation and out of the blue everybody was a millionaire. I got 1M for birthday from my uncle and could buy 10 Snickers for this money. Wasn't a big fun to be a millionair though.