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The black market rate is the floating exchange rate. There isn't really much of an actual non-floating exchange going on. Forced black market trading makes the
by xigma 8y ago
The black market rate is the floating exchange rate. There isn't really much of an actual non-floating exchange going on.
Forced black market trading makes the currency less valuable.
- lvs 8y agoYes, that was precisely my point. But there is a limit to how much currency can be floated on the black market. I was replying to someone who thought floating all of it would be a good idea.