Hacker News new | ask | show | jobs
by bananamerica 1674 days ago
> Look at how Brazil introduced their last currency, they understood this and had the balls to fix

And now we're throwing it all down the crapper...

I'm not sure, I was fairly young, but I'm pretty sure that when the "virtual currency" URV (Unidade Real de Valor) was introduced, it was no secret it was a step towards a new currency (the Real). We've had a few changes in currency before, it was nothing new. The difference with Plano Real is that we finally gave up on short-term solutions and realized that any change would take many years of consistent economic policies. And it worked.