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28 sats \ 1 reply \ @Diego 23 Mar \ on: Hyper-inflating the goat [in Malawi] econ
By what mechanism does the CB devalue their currency? Do they just ‘print’ 44% more currency units or just say what new fx rates are?
Cc @denlillaapan?
Probably both. I don't know the specifics of Malawi...
The 44% devaluation number is from moving their USD peg, which (if they have enough reserves and it's credible) they can just do at a stroke or a pen no probs
(I.e, here #747181)
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