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This law in the USD version was/is in force in some pretty major parts of the world. It kind of screws up the actual exchange rates - you're paying premium for
by lrem 13y ago
This law in the USD version was/is in force in some pretty major parts of the world. It kind of screws up the actual exchange rates - you're paying premium for the illegality. Around the time (80's) I was born you could buy a bottle of vodka for $0.80 in an USD-accepting (high-margin) shop.
- speeder 13y agoI am from Brazil, I remember that in early 1990s here you was the coolest kid in the school if you showed up with a dollar bill (even a 1 USD one). We had a 2000% inflation, and one of the government attempts to fix it was currency controls. (the fix in the end, was create a new currency that had fixed 1:1 rate with USD, and leave it 1:1 for some years until the 1998 crisis made it necessary to decouple them).