Dinar continues to plummet

Dinar is ridiculously expensive. I would cheer if it is at 100 Euro mark or at 80 USD mark.

Same applies to Hungarian Forint. Today it (finally!) reached the 200Ft = 1$ mark and it still has a long way to go.

The East European currencies were essentially a bubble, the exchange rate being well behind the inflation. The super-expensive Dinar and hyper-expensive Forint make maybe some tourists happy who travel abroad, but judge for yourself: the food in Serbian or Hungarian grocery stores costs often MORE than in Germany. It is obscene, but if we are in Germany we buy wine(!!!) and many other things and drive home with car full.

This is a joke. An other joke is: while shopping today I stumbled onto a bottle of wine in the grocery store underneath of "Beogradjanka" which was well over 5000 Din. There were many kind of imported wine and finding one with over 5000 Dinar sticker was not a problem. I feel, not many people buy it. It is a useless import and can be easily missed.

Any food which is not from an (ex)Socialist country or ex-YU is just unrealistically expensive. But all of it can be easily missed. We are living in tough times now, slowing down unnecessary imports could be a good thing. Expensive Euro or Dollar = less useless imports and domestic producers are more competitive.

Remember, how the industry of GDR was literally obliterated after 1:1 and 1:2 DM-DDM exchange rate was implemented before monetary union. The realistic exchange was between 1:4 and 1:5.

serbia has asked IMF to help it with a soft loan... serbias banking system is in crisis..

"The euro reached its peak after the parliamentary elections when it hit RSD 84, and its lowest on August 7 when it was worth RSD 75. Besides the Euro, the U.S. dollar also recorded a 20 percent rise."

Lies, lies, lies!! We all know from the Serbian commentators here that the US/EU is going downhill fast and the East is the rising economic power. So obviously the dollar and the euro can not grow stronger and stronger.

Or maybe not....

"The euro reached its peak after the parliamentary elections when it hit RSD 84, and its lowest on August 7 when it was worth RSD 75. Besides the Euro, the U.S. dollar also recorded a 20 percent rise."

Lies, lies, lies!! We all know from the Serbian commentators here that the US/EU is going downhill fast and the East is the rising economic power. So obviously the dollar and the euro can not grow stronger and stronger.

Or maybe not....

serbia has asked IMF to help it with a soft loan... serbias banking system is in crisis..

Dinar is ridiculously expensive. I would cheer if it is at 100 Euro mark or at 80 USD mark.

Same applies to Hungarian Forint. Today it (finally!) reached the 200Ft = 1$ mark and it still has a long way to go.

The East European currencies were essentially a bubble, the exchange rate being well behind the inflation. The super-expensive Dinar and hyper-expensive Forint make maybe some tourists happy who travel abroad, but judge for yourself: the food in Serbian or Hungarian grocery stores costs often MORE than in Germany. It is obscene, but if we are in Germany we buy wine(!!!) and many other things and drive home with car full.

This is a joke. An other joke is: while shopping today I stumbled onto a bottle of wine in the grocery store underneath of "Beogradjanka" which was well over 5000 Din. There were many kind of imported wine and finding one with over 5000 Dinar sticker was not a problem. I feel, not many people buy it. It is a useless import and can be easily missed.

Any food which is not from an (ex)Socialist country or ex-YU is just unrealistically expensive. But all of it can be easily missed. We are living in tough times now, slowing down unnecessary imports could be a good thing. Expensive Euro or Dollar = less useless imports and domestic producers are more competitive.

Remember, how the industry of GDR was literally obliterated after 1:1 and 1:2 DM-DDM exchange rate was implemented before monetary union. The realistic exchange was between 1:4 and 1:5.