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	Podcast:		Witness
	Episode:		Bulgaria's cash crisis
	Category:		Society & Culture
	Duration:		00:10:16
	Publish Date:		2022-08-22 09:00:00
	Description:		In 1997, Bulgaria was in financial meltdown with hyperinflation making money in the country worth a lot less. Bulgaria had emerged out of communism following the fall of the Soviet Union in 1989. Like other post-Soviet regimes in eastern Europe, the country found the transition from communism to capitalism harder than expected. The President of Bulgaria, Petar Stoyanov, knew he had to do something and a recovery plan from one of Ronald Reagan’s former economic advisers was on the table. But would it work? Matt Pintus has been speaking to the economist, Steve Hanke. Photo: Steve Hanke and Liliane Hanke meet Petar Stoyanov. Credit: Steve Hanke
	Total Play:		0