Comments by "EebstertheGreat" (@EebstertheGreat) on "Markets In Turmoil As Price Of Money Skyrockets To $90 A Dollar" video.
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Something similar to this really can happen in a few situations. For instance, if there is a run on banks, people can make virtual transactions but not actually have access to physical currency. In that case, they might pay a large premium for cash. (Note that even cash from an ATM usually costs more than one dollar per dollar.) Alternatively, in China, the official foreign exchange rates for the renminbi (CNY) are loosely set by the government (they can't differ from the reference rate by more than 2%), and there are other trading restrictions. But in Hong Kong (and the rest of the world), renminbi are traded for other currencies freely under the unofficial ticker CNH. So if the market rate for yuans is much less than the reference rate, people will be unable to sell their depreciating yuans to mainland China at face value and be forced to sell them for cheap in foreign markets, which could lead to a situation where one yuan (CNY) is worth many yuans (CNH). These aren't different currencies, just different markets trading the same currency, so it would literally be a "$90 a dollar" type of situation. Even more extreme divergences happen in countries undergoing hyperinflation, where official exchange rates are often vastly out of step with the street rate. At one point, the Zimbabwe dollar was trading for thousands of times as much officially as on the black market.
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