SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: No Mo Mo who wrote (103681)5/21/2001 12:40:25 PM
From: pater tenebrarum   of 436258
 
Darin, very likely the USD is ALREADY their de-facto currency. just as the DM has been the de facto currency of Yugoslavia in recent years.

and yes, they give up all control over their monetary policy that way...

i think Ecuador has adopted the frizzlebun as well. Argentina has a currency board backed with USD, which has more or less the same effect as outright dollarization. for a while that was fine, as it enabled them to borrow a lot of money. which they now can't pay back....
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News