Hacker News new | past | comments | ask | show | jobs | submit login

Then there are 2 currencies with an exchange rate and transaction fees to convert between them. The black market currency represents the true value whereas the local currency is based on price controls.

Eg https://en.wikipedia.org/wiki/Venezuelan_bol%C3%ADvar#Curren...




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: