That's what happened in Argentina to put them over the edge. Inflation took off (again) in 2000, and the country defaulted on its debts. The currency was devalued overnight to 1/3 its value. So if you had $6,000 in the bank, now you had only $2000. That's what they gave you, $2000 Argentine dollars (or pesos or whatever). I wonder how many Ameros you'll get for your old "dollars."
I wonder how many Ameros you’ll get for your old “dollars.”<<
Good question.
During the 1970’s, if you heard a rumor they were going to devalue, you listened closely and heard on the news:
“to day the dollar was devalued 12%”.
And on to holywood news.