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by eru 573 days ago
No, no, at the time Turkey had actually done all the hard work of getting their currency (mostly) in order. They (or at least the technocrats running the central bank) knew perfectly well that they can't "directly legislate more value into existence".

The extra zeros were just a bit of an embarrassing hangover from wilder times in the past.

Alas, the quality of Turkey's monetary policy has since dropped again.