I took the question to be on the logistics of executing this kind of operation with digital ledgers, not on when/whether those operations make sense. Confiscat

I took the question to be on the logistics of executing this kind of operation with digital ledgers, not on when/whether those operations make sense. Confiscating foreign assets would do little[0] to reduce inflation. But it's the same for local assets. Obviously just chopping off a zero from every note and bank balance doesn't actually reduce inflation, unless accompanied by some other structural changes. [0] I say "little" rather than nothing, since it could have the effect of repatriating the money -> increasing the exchange rate -> making imports cheaper. But I can't imagine the effect being strong.