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@ lontivero
2025-05-05 11:21:01
Corrected text:
In Argentina, it was forbidden to exchange pesos for other currencies. From time to time, the government sent police to catch those exchanging currencies and close the "cuevas" (underground exchange offices).
It never worked, and everybody was buying, selling, and holding USD. The TV and newspapers published the non-official (blue) peso/USD exchange rate in real time (yes, the price of an illegal good).
One day, the rate was increasing so rapidly that the government called the media to order them to set an "official" rate for the illegal market, something like saying: "from now on, the official price of a gram of cocaine is this one."
The media then published the fake, government-imposed rate for the "blue" dollar, but next to it appeared a new rate called the "deep blue" dollar.
You can't stop a whole people from defending themselves from inflation and financial represion without going full violence.