Mina (mina@berlin.social)'s status on Wednesday, 13-Dec-2023 20:35:52 JST

@HistoPol

TBH:

The brutal devaluation in 2002 led to several years of sustained economic growth, with annual rates around 10%.

The favourable global environment, with high commodity prices at the time, also did its part. However, at the time, the country's international currency reserves were still positive, whilst now they are negative.

IMO, there's no other way than letting the currency fall until it reaches its bottom. It actually surprises me that

1/?

@dw @energiepirat @SilviaMarton