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The Communist lev was replaced in 1989, but its successor crashed seven years later (Photo: Ian)

Feature

What happens when a currency collapses? Ask Bulgaria

The Communist lev was replaced in 1989, but its successor crashed seven years later (Photo: Ian)

Fifteen years ago, both Bulgaria and Romania went through rampant inflation linked to a financial crisis. Bucharest narrowly avoided the collapse, but Sofia was less fortunate and experienced a meltdown of the sort Greece is currently trying to prevent.

"Those were very bad times. Every day my salary was worth less and less, and there were fewer things I could buy with it," says Krassimira Komneva from the Sofia-based Most Foundation, an employment and education outfit.

Back in 19...

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