>Brazil used this phenomenon to their advantage to escape from a monetary hole[1]. ... And then they declared it as their official currency.
You know, looking at their inflation rate (which is in the double digits), they should have kept that dual "currency" system and let people withdraw the inflationary currency as cash and keep the non inflationary currency in bank accounts with negative interest rates.
Why? Because inflation is a lie, you think your money is safe because you don't see it wither away (you do feel it wither away, but by how much? nobody really knows), a negative interest rate is the raw honest and ugly truth.
You know, looking at their inflation rate (which is in the double digits), they should have kept that dual "currency" system and let people withdraw the inflationary currency as cash and keep the non inflationary currency in bank accounts with negative interest rates.
Why? Because inflation is a lie, you think your money is safe because you don't see it wither away (you do feel it wither away, but by how much? nobody really knows), a negative interest rate is the raw honest and ugly truth.