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by gus_massa
15 days ago
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In late 1990's many of the province here in Argentina had their own money. Initially 1 Local Bond = 1 Peso = 1 Dollar, but later the local bond has not good to buy meat of fuel (that came from other provinces), and later you may have a 30% hair cut for everything at the supermarket. An example: https://en.wikipedia.org/wiki/Patac%C3%B3n_(bond) This is the biggest province and they entered late to the party, so it didn't break the peg. |
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