The idea: to use the credit channel by making foreign banks bear the consequences of the devaluation of the Russian currency.
Rigor académico, oficio periodístico
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When the only fixes getting funded are designed to leave the status quo intact, the results of philanthropy inevitably fall short.
Venezuela recently devalued its bolivar by 95 percent to tame rabid hyperinflation that has been sending prices on everyday goods through the roof. If history is a guide, it won’t work.
