RFE/RL NEWSLINE Vol. 4, No. 213, Part II, 2 November 2000
SERBIAN MINISTERS WARN OF HYPERINFLATION. Boris Milacic, a
co-finance minister in Serbia's transitional government, said
on 1 November that Belgrade must act quickly to prevent its
high inflation rate from turning into hyperinflation, Reuters
reported. Milacic said that inflation in October was 26.4
percent and that "it has pushed the annual inflation level
already to 70 percent. If this trend continues, we will have
hyperinflation like in 1993, which we all want to forget."
Inflation seven years ago reached 60 percent a day. Trade
Minister Milorad Miskovic said the government is "drawing up
emergency measures to halt the prices and improve supply." PB
Copyright (c) 2000. RFE/RL, Inc. Reprinted with the permission of Radio Free
Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036.
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