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The main point behind the two currency system is to prevent money laundering. You can only convert offshore to onshore via state run banks. This also has the si
by quantguy11959 7y ago
The main point behind the two currency system is to prevent money laundering. You can only convert offshore to onshore via state run banks. This also has the side effect of making it easier to control import and export flow thereby inflation.
The comment below about separate interest rates has nothing to do with this discussion.