[pyre]

Inflation is just as much about public confidence as it is about the actual amount of money in circulation. That money doesn't have intrinsic value. People give it value by using it.

The claim is that public in the government-issued currency (what ever they renamed it to) was nil. This 'hack' brought back public confidence by saying that it wasn't "really" a currency. Once public confidence built up for the URV, they merged the "not currency" with the real currency, riding the coat tails of that confidence.