In 1953, communist regime in 🇨🇿 Czechoslovakia denied there will ever be a monetary reform. It happend one day after this announcement.

Regime effectively stole most of the wealth in one big swoop.

Exchange ration was innitialy a 5:1, but only for first 300 crowns of cash.

If you had more, you were labeled a capitalist pig and got 50:1 ratio. If you were the right kind of communist pig in the politbyro, you got a better rate.

It was even worse with deposits and state bonds.

But people will never learn. Communist do however. nostr:note1pmx6j0l3fll48q50dmfy563dxe3xy60etr37l8sgvdl7dyz55xtqadfslm