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[–] 5 points 2 years ago* (1 child)

Turkey did this and the value of their currency halved in value per year for two consecutive years. Imagine if in 2 years a dollar became worth only 50 cents and then a quarter. Everything would cost four times more and, if wages didn't keep up, there would be a revolution (or at least I'd hope so).

Eggs at $32/dozen. One can only dream.

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  • [–] 2 points 2 years ago

    they Turkish lira lost way more value than that overall. it's still losing value but at a much slower rate. its value is 1/9th of what it was in 2018 before the first big crisis. and 1/6th of what it was in the height of that crisis.

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