How did Romania manage to save its currency in the 2000s by just dropping the last couple of zeros? Wouldn’t other countries be able to do the same?
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Turkey did the same and I must say it was an amazing move by the government because people thought they got richer because prices dropped 6 zeroes, forgetting their salaries also dropped 6 zeroes. It’s been almost 20 years since that happened, people still say 1 million liras instead of 1 liras, so it takes some time for people to adjust I guess.
For your question, dropping zeroes from currency has no particular effect on economy itself, and problem will keep coming back if you don’t fix the problems that causes inflation in the first place.
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