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To: rktman

The Mexicans took 3 zeros off of their currency some time ago. For a long time the Mexican peso was stable at, I think 12 to the dollar. Then inflation came and the exchange rate went nuts thousands of pesos to the dollar. So they took 3 zeros off so that 10,000 pesos became 10 ‘new’ pesos. Now the new pesos are worth about a nickel. My mom had a bunch of old Mexican money. Three or four pounds of change (Mexico still honors the old pesos) was worth maybe 3 cents. The large (half dollar size) old 20 centavo piece is worth about 1/1000 ¢. I’m sure it will work just as well, or even better for Venezuela.


30 posted on 03/23/2018 11:25:06 AM PDT by hanamizu
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To: hanamizu

This is inevitable when money isn’t made of gold or silver; I read a description of payday in India, where you buy your essentials and spend the rest on gold - otherwise you’d “lose money” when you spent it later.

Gold and silver coinage is as valuable in one country as the next.


47 posted on 03/24/2018 5:01:02 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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