That won’t work in a country engaged heavily in foreign trade. It’s one thing to reduce the purchasing power of your currency by 90% when you are a third world sh!t-hole who only deals with internal matters, but trading partners are never going to accept your currency in trade transactions if that’s the way you conduct business.
Well, perhaps everybody hold hands and devalues together, or perhaps they fight a war over it...
I won’t be in the room so they won’t ask my opinion!