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32. PJ Pierre

Mutiny Investing Podcast

CHAPTER

Is There a Keynesian Beauty Contest?

The Haitian dollar is the currency issued by the Haitian government. The exchange rate was like maybe like 58 to one in 2016, but now it's at a whopping 5:1. Even the government accepts USD in the payment of taxes,. That probably explains why their currency is at 58 to one. It just goes to show you that taking advice from the IMF doesn't really show you how pervasive the dollar is.

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