2min chapter

Odd Lots cover image

Understanding Turkey’s Bold Plan To Stabilize the Lira

Odd Lots

CHAPTER

Is This Really a Big Bet for Cryptocurrencies?

If you make a credible enough promise, you actually never have to spend any money. It's like a ecredibly promise to compensate you if the lyra plunges. So hold your money in lira. And if the promise isnt credible and everyone holds ther money in lir, you don't have the problem of delira plunging. You solve the dolarization problem, which could be huge. But as you said just now, like, it is a really big bet,. because the fear, it seems to me, would be you have a significant portion of the population take it up to ssentually - taking up this insurance. If they continue to dolarize in

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