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Probably "How Fake Money Saved Brazil" http://www.npr.org/blogs/money/2010/10/04/130329523/how-fake-money-saved-brazil http://www.npr.org/blogs/money/2010/10/04
by gus_massa 2y ago
Probably "How Fake Money Saved Brazil" http://www.npr.org/blogs/money/2010/10/04/130329523/how-fake-money-saved-brazil http://www.npr.org/blogs/money/2010/10/04/130329523/how-fake... A few old discussions with 800 comments in total https://hn.algolia.com/?q=How+Fake+Money+Saved+Brazil https://hn.algolia.com/?q=How+Fake+Money+Saved+Brazil
After some time, they actually issued the bills of the new fake money that magically got real (pun fully intended).
Here in Argentina we had almost simultaneity the "Convertibility Plan" https://en.wikipedia.org/wiki/Convertibility_plan https://en.wikipedia.org/wiki/Convertibility_plan <voice="Mingo"> One (AR)Peso equal to One (US)Dollar</voice>. It was successful to reduce the inflation but it was hard to drop the peg later and it caused a lot of problems.
The current government is "crawling peg", of 2% reduced recently to 1%, so people does not get attached to a magic number. (It may be brilliant or a disaster, we will know in 10 years.)