[joeblau]

I lived in Brazil for 3 years during the early 90's and I distinctly remember two currency changes: Cruzeiro to Cruzados and then Cruzados to Cruzados Novos. While living there, our strategy was to keep our money in US Dollars until the last second when we decided that we wanted to buy something because inflation was so crazy. Then I remember hearing this story on NPR almost 2 decades later and I was blown away about the psychological game that was used to stabilize Brazilian currency.