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That the government demands US dollars is completely orthogonal to the value of the dollar. They can demand a weaker dollar or demand a stronger dollar. Argenti
by Aunche 4y ago
That the government demands US dollars is completely orthogonal to the value of the dollar. They can demand a weaker dollar or demand a stronger dollar. Argentina demands Argentina pesos, but their currency is embarrassingly weak. Their attempt to increase demand to their currency by taxing exchanging to foreign currency predictably has no nothing to control inflation.