HOW come Argentina and Turkey was able to function at 276% and 75% inflation?

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As for America and others we loses our shit for decimal point increase.

In: Economics

3 Answers

Anonymous 0 Comments

This is just from what I hear from people, but they function through gray market that trade using more stable currency like USD. The people just sorta abandon their own currency. You are somewhat protected when your wage isn’t paid using the currency and the goods and services you buy also don’t ask for that currency, but this further devalue the currency for obvious reasons.

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