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> use an existing currency like the euro ... [which] has a fairly neutral image .... Opposition politicians looking for ammunition to attack the plan -- correc
by dctoedt 16y ago
> use an existing currency like the euro ... [which] has a fairly neutral image ....
Opposition politicians looking for ammunition to attack the plan -- correction: looking for ammunition to attack the incumbents; they might have had little interest in attacking the plan otherwise -- would denounce the insult to national sovereignty.
That's surely why Brazil called it the URV - unit of real value - instead of admitting that in effect they repriced in Yanqui imperialist dollars. That's not in the linked NPR transcript but was mentioned in the longer NPR Planet Money podcast, linked at the bottom of the transcript.