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> Have we got any historical data or decent models? Yes, Ukraine is the recent example. Cash still worked in occupied territories, that were cut off from commu
by YeBanKo 4y ago
> Have we got any historical data or decent models?
Yes, Ukraine is the recent example. Cash still worked in occupied territories, that were cut off from communications. It is the only way to conduct transactions, even with inflated costs.
- Markoff 4y agoUkraine ain't isolated island, so at worst you can still keep using dollars/euros which hold stable value outside compared to local currency. And occupied territories still had gov which performed functions for residents.