this post was submitted on 16 Dec 2023
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Having the currency be free-floating is the best policy. The transition might be a bit too rapid, though
Yeah. That's the challenge in situations like these: How do you get to a free-floating currency without the people starving to death.
Well, could always spend some of the money wasted on exchange rate manipulation on food subsidies instead. But I think just making the transition more gradual would be my bet