I don't know why you're being downvoted. This is exactly why it failed. They switched to dollars without getting public spending under control. People were spen

I don't know why you're being downvoted. This is exactly why it failed. They switched to dollars without getting public spending under control. People were spending their money on imports, which means the central bank was bleeding money at a constant rate. It could have worked if they either implemented austerity policies or clamped down on imports, but they did neither. It was completely unsustainable long-term, and they knew it.