Why can’t hyperinflation be fixed by creating a new currency? or just stop printing?
In: 101
If you stop printing, you stop it getting worse, but don’t do anything about the existing inflation. You’d need to destroy a load of money to do that, which has been done before.
Making a new currency is possible, but difficult. All of a sudden, everyone’s money is worthless and needs to be exchanged for the new one, usually at a poor exchange rate. If you don’t then address the cause of the inflation and restore public confidence, you’ll just suffer the same problem.
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