2min chapter

Planet Money cover image

The high cost of a strong dollar

Planet Money

CHAPTER

The Latin American Debt Crisis Through the Lens of David Bowie

The value of the peso just kept dropping and dropping. So much so that record stores in Mexico were forced to invent a whole new way to do their pricing. Record stores devised this very sophisticated system to take into account exchange rate movements. And then every week, depending on what happened with the exchange rate, they would just erase the blackboard and put the new prices without the needs to change the labels and the records.

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