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A comment on Banks, gangsters and the strange resurgence of cash. Parent comment
The more turmoil in economies abroad, the more USD is in demand to replace failing currencies.
Turkey is a great example - people were paying a premium on USD just to get their savings out of Turkish Lira a couple years ago.
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The more turmoil in economies abroad, the more USD is in demand to replace failing currencies.
Turkey is a great example - people were paying a premium on USD just to get their savings out of Turkish Lira a couple years ago.