Just read this. This sounds crazy, wouldn't this destabilize their entire economy ? Haven't other countries already implemented this in the past and have failed ? I can't see why an economist in the right mind would take this step.
Yes, even the great Amartya Sen, a Noble Laureate from India in economy has greatly critisized this move by stating, "To achieve something good, sometimes bad things happen before good, but it doesnt necessarily mean that all bad things are for the greater good."
I was looking this up, and seems a lot of people are facing issues. Is this step actually working ? I would imagine all the money to be in the form of investments since their currency is much smaller than dollars, i.e 10 100$ bills are equivalent to a bundle of their biggest currency.