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?

Question

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?

In: 138

Answer 1

You could, so long as the problems that led to hyperinflation in the first place have been dealt with. If not, you’ve just basically reset the clock.