| ALBANIAN LEK |
 |
01.07.1992 |
Devalued 55% and new single-tier
system introduced. |
|
| BOSNIAN DINAR |
|
08.1992 |
Currency introduced. |
|
| BULGARIAN LEV |
|
03.1990 |
Devalued 29%, from 2.5 to 3.5 Lev/US$. |
|
01.06.1990 |
Devalued 269% |
|
19.02.1991 |
New level set. |
|
| CROATIAN KUNA <
DINAR |
|
12.1991 |
Introduced at the beginning
of December as transitionary currency. Opening rate 55 to US$ |
|
01.09.1992 |
Fell to 195 |
|
04.10.1993 |
Dinar devalued 15.5% |
|
1994 |
Kuna replaces Dinar as
national currency. Exchange of bank notes at 1:1 000. |
|
20.06.1994 |
Central Bank introduces
Gold Dinar as parallel legal tender to reinforce the convertible Dinar. |
|
| CZECHOSLOVAK CROWN
-> Czech Crown |
|
|
controlled floating against
a basket of 36.15% DM, 49.07% US$, 2.92% FF, 3.79% CHF and 8.07% ATS. |
|
04.01.1990 |
Devalued 18.6% |
|
28.12.1990 |
Devalued 14.25% |
|
02.02.1993 |
Czech and Slovak Crown split into
national currencies. |
|
|
New basket introduced: 65% DM, 35%
US$. |
|
| HUNGARIAN FORINT |
|
20.03.1989 |
Devalued 5%. |
|
14.04.1989 |
Devalued 8%. |
|
04.12.1989 |
Devalued 10%. |
|
17.01.1991 |
Devalued 13%. |
|
16.03.1992 |
Devalued 1.9%. |
|
09.11.1992 |
Devalued 1.9%. |
|
03.1993 |
Devalued 2.9% Central
bank vice pres. Harshegyi "To maintain the relative value of the currency
against convertibles, above all the DM." |
|
07.06.1993 |
Devalued by 1.9%. |
|
08.07.1993 |
Devalued approx. 3%. |
|
30.09.1993 |
Forint devalued 4.5%; |
|
04.08.1994 |
Devalued for 5th time in 1994, by
8% to 101.04 Ft/$ (122.76 Ft/Ecu). Central Bank had advised 10% for all
1994 for reasons of stability. Already -13.8%. |
|
13.05.1995 |
Devalued 9%; plans for sweeping
changes to help with fiscal and current account deficits. Central Banker
György Suryani said in March there would not be any large mark-down in
the near future. Finance Minister Lajos Brokos - to boost exports &
cap inflation. |
|
|
Fixed against a basket of 50% US$,
50% DM. |
|
| MACEDONIAN DENAR |
|
26.04.1992 |
Transition currency from 26.04.1992,
as independent central bank is established. 3 days to convert a maximum
50 000 Yugodinars at a 1:1 rate; excess deposited and frozen for a month.
Anti-inflationary programme adopted 04.92, tied to DM and assessed at a
level incorporating anticipated inflation during the first stage of implementation
of new economic measures. |
|
|
Denar Single Legal Tender. Exchange
at 1 Denar : 1 Yugoslav Dinar. |
|
20.05.1993 |
Currency rebased at 100 (old) Denar
= 1 (new) Denar. |
|
| POLISH ZLOTY |
|
01.02.1988 |
Devalued 15.9%. |
|
29.05.1988 |
Devalued 5.88%. |
|
28.09.1988 |
Devalued 20%. |
|
30.10.1988 |
Devalued 12.6%. |
|
06.11.1988 |
Devalued 14.3%. |
|
13.11.1988 |
Devalued 9.7%. |
|
27.11.1988 |
Devalued 10.5%. |
|
30.12.1998 |
Devalued 31.5%. |
|
16.05.1991 |
Devalued 14.4%; controlled float
against a basket of 45% US$, 35% DM, 10% ?Stg., 5% FF and 5% CHF. |
|
02.1992 |
Devalued 10.5% against US$, 10.9%
against DM. Floating against a basket consisting of US$, DM, ?, FF and
Sfr. |
|
27.08.1993 |
Devalued 8% against Dollar; monthly
devaluation reduced from 1.8% to 1.6% to avoid one-off inflationary effect. |
|
16.05.1995 |
Partly floating exchange rates.
Rate of echange allowed to deviate +/-7% of 1.2% Central Bank US$ crawling
peg devaluation. |
|
| ROMANIAN LEU |
|
01.02.1990 |
Devalued 58.38% to 21 Lei/US$; black-market
rate around 100/$. Single tier exchange rate introduced. |
|
01.11.1990 |
Devalued 44%. |
|
08.04.1991 |
Devalued 42%. |
|
08.11.1991 |
Official rate abolished. |
|
31.12.1992 |
devalued 6.5% |
|
| SLOVAKIAN CROWN |
|
|
Born out of the federal currency
in February 1993, stamped with a national emblem to mark it as Slovak.
Economists expecting a devaluation of 30%. |
|
10.07.1993 |
Koruna devalued 9.6% against DM,
10% against US$. |
|
13.07.1994 |
Nnew basket : 60%DM, 40$ USD |
|
| SLOVENIAN TOLAR |
|
03.02.1992 |
Tolar devalued 19% against DM. |
|
07.10.1992 |
Slovenia has started swapping Tolar
'bons' into new currency notes of 100, 500 and 1000 at rate of 1:1. Currency
reserves $800m. |
|
30.10.1992 |
New exchange rates quoted. |
|
07.1995 |
Government announces the tolar to
be fully convertible by September. |
|
01.09.1995 |
Tolar becomes fully convertible. |
|
| YUGOSLAV DINAR |
|
01.01.1990 |
Currency reform. 10 000 old for
one New Dinar, pegged to the DM at 7:1 (devalued 8.2%) for 6 months. Citizens
are free to purchase foreign currencies for dinars at official rates in
banks. |
|
19.04.1991 |
Devalued 31%. |
|
27.01.1992 |
Devalued 80%. |
|
13.04.1992 |
Devalued 57%. |
|
01.07.1992 |
Devalued 85%, now known as New Dinar;
exchanged at 10:1 basis. |
|
17.09.1992 |
Devalued 73.3%. |
|
17.11.1992 |
Devalued 73.3% from 200 D/$ to 750
D/$. |
|
1992 |
Annual inflation running at 20 000% |
|
09.04.1993 |
Devalued by 98.4%, from fixed rate
750 to 48 000 to the dollar. |
|
04.1993 |
Devalued again. |
|
15.06.1993 |
Devalued by 89.7%. |
|
22.07.1993 |
Devalued by 82.45%. |
|
18.08.1993 |
Devalued by 53.3%. |
|
09.1993 |
Official rates suspended. Guide
rate 500m New Dinar:1US$. |
|
01.10.1993 |
Currency reform. The (old) Yugolav
Dinar is replaced by the (new) Yugoslav Dinar at a rate of 1:1 000 000. |
|
09.11.1993 |
Revalued 98.65% against the US$
& DM. |
|
29.12.1993 |
Zeros removed; currency rebased. |
|
01.10.1994 |
The October (old) Yugoslav Dinar
is replaced by a (new) Yugoslav Dinar, at at a rate of 1:1 000 000 000. |
|
14.01.1994 |
The Yugoslav New Dinar is introduced
in parallel to the Yugoslav Dinar (rate established daily). It is tied
to the DM at parity. |
|
24.01.1994 |
Yugoslav New Dinar : Dinar rate
12 000 000. |
|
04.02.1994 |
New Dinar : Dinar Rate set at 13
000 000. |