[lucasverra]

- Do you know what currency controls are? - it's the government telling how much you can have of those dollars - it's the government mandatory currency conversion to local currency when receiving dollars from outside the country. Gvmt keep the dollars and hand you local currency (that one that is loosing value by the day)

[pjc50]

Yes. Countries not using dollars are exposed to conversion risk and potential shortages of hard currency. People whose native currency is the US dollar are not exposed to this risk, which is why all the inflation hawk stuff tends to look silly.