3 ms·
Why would countries give up control over monetary policy voluntarily? It seems a rather dumb idea.
by lottin 5y ago
Why would countries give up control over monetary policy voluntarily? It seems a rather dumb idea.
- tonfa 5y agoNote that in the case, it's a dollarized country that made an announcement. (And it would indeed be a lot more suprising if that was a country that's more in countrol of its monetary policy that made a similar announcement).
- jinpa_zangpo 5y agoEl Salvador has already given up control of its money supply. It uses US dollars as its currency.
- rawtxapp 5y agoEl Salvador already gave up that monetary control by using USD, many other countries also have currencies that are worthless and/or rapidly becoming worthless.