Global Implications of Dollarizing Economies to Attain Monetary Stability
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…had a fixed exchange rate with the
US dollar. At the end of the economic boom the government was enjoying an increase
in tax revenue which led to increased prosperity and a sufficient reserve. This boom
has affected the inflation rates. The risk of inflation is greater now then it was but
even with one of the highest inflation rates in Europe, the average inflation of 2.5
percent is not yet cause for alarm.
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